NewEdge Advisors LLC Trims Stock Holdings in First Trust Emerging Markets Local Currency Bond ETF $FEMB

NewEdge Advisors LLC lessened its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 60.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,949 shares of the company’s stock after selling 44,716 shares during the quarter. NewEdge Advisors LLC owned 0.24% of First Trust Emerging Markets Local Currency Bond ETF worth $832,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Merkkuri Wealth Advisors LLC acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 1st quarter valued at approximately $40,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter worth $45,000. Sound Income Strategies LLC raised its holdings in First Trust Emerging Markets Local Currency Bond ETF by 341.6% in the first quarter. Sound Income Strategies LLC now owns 1,519 shares of the company’s stock valued at $44,000 after acquiring an additional 1,175 shares in the last quarter. Capital Investment Advisory Services LLC boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 372.9% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,641 shares of the company’s stock valued at $49,000 after acquiring an additional 1,294 shares during the last quarter. Finally, Private Trust Co. NA boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 187.2% during the 4th quarter. Private Trust Co. NA now owns 2,045 shares of the company’s stock valued at $61,000 after acquiring an additional 1,333 shares during the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of FEMB stock opened at $29.34 on Monday. The firm has a fifty day moving average of $29.31 and a two-hundred day moving average of $29.64. First Trust Emerging Markets Local Currency Bond ETF has a 1-year low of $28.18 and a 1-year high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 6.7%.

First Trust Emerging Markets Local Currency Bond ETF Company Profile

The First Trust Emerging Markets Local Currency Bond ETF (FEMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in a broad range of bonds issued by emerging-market sovereign, sub-sovereign and quasi-sovereign entities, denominated in local currencies. FEMB was launched on Nov 4, 2014 and is managed by First Trust.