NI Acquisitions Company LLC Invests $1.41 Million in First Trust Bloomberg Emerging Market Democracies ETF $EMDM

NI Acquisitions Company LLC bought a new position in shares of First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 32,533 shares of the company’s stock, valued at approximately $1,406,000. First Trust Bloomberg Emerging Market Democracies ETF makes up approximately 0.5% of NI Acquisitions Company LLC’s portfolio, making the stock its 20th biggest position.

A number of other institutional investors have also recently modified their holdings of the business. Naples Global Advisors LLC increased its stake in shares of First Trust Bloomberg Emerging Market Democracies ETF by 3.1% in the 4th quarter. Naples Global Advisors LLC now owns 56,601 shares of the company’s stock valued at $1,774,000 after purchasing an additional 1,710 shares in the last quarter. GeoWealth Management LLC purchased a new position in First Trust Bloomberg Emerging Market Democracies ETF during the fourth quarter worth approximately $862,000. Finally, Compass Financial Management LLC purchased a new position in First Trust Bloomberg Emerging Market Democracies ETF during the second quarter worth approximately $2,853,000.

First Trust Bloomberg Emerging Market Democracies ETF Trading Up 1.2%

Shares of EMDM opened at $43.26 on Friday. First Trust Bloomberg Emerging Market Democracies ETF has a 12 month low of $26.19 and a 12 month high of $45.03. The stock’s 50 day moving average is $41.16 and its two-hundred day moving average is $39.94. The firm has a market cap of $41.10 million, a P/E ratio of 12.05 and a beta of 0.88.

First Trust Bloomberg Emerging Market Democracies ETF Company Profile

The First Trust Exchange-Traded Fun (EMDM) is an exchange-traded fund that mostly invests in total market equity. The fund follows a principles-based index of large- and mid-cap companies located in emerging market countries considered to have electoral democracy. Holdings are weighted based on a combination of governance score and market capitalization. EMDM was launched on Mar 2, 2023 and is managed by First Trust.