First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Shareholders to Receive $0.20 Monthly Dividend

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) declared a monthly dividend on Tuesday, October 20th. Stockholders of record on Wednesday, October 21st will be paid a dividend of $0.20 per share on Friday, October 30th. This represents a $2.40 annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Wednesday, October 21st.

First Trust Emerging Markets Local Currency Bond ETF Trading Down 0.9%

Shares of FEMB stock traded down $0.27 during trading hours on Wednesday, hitting $28.65. 29,804 shares of the company’s stock were exchanged, compared to its average volume of 116,857. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $28.13 and a 12-month high of $31.55. The business’s 50 day simple moving average is $29.21 and its 200-day simple moving average is $29.34.

Institutional Trading of First Trust Emerging Markets Local Currency Bond ETF

A number of institutional investors have recently modified their holdings of FEMB. Concurrent Investment Advisors LLC increased its position in First Trust Emerging Markets Local Currency Bond ETF by 66.3% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 451,677 shares of the company’s stock valued at $13,198,000 after buying an additional 180,123 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 14.3% in the second quarter. Envestnet Asset Management Inc. now owns 240,435 shares of the company’s stock worth $7,026,000 after acquiring an additional 30,002 shares during the period. First Trust Advisors LP lifted its position in First Trust Emerging Markets Local Currency Bond ETF by 24.8% during the first quarter. First Trust Advisors LP now owns 319,673 shares of the company’s stock valued at $9,186,000 after purchasing an additional 63,498 shares during the period. Cetera Investment Advisers lifted its position in First Trust Emerging Markets Local Currency Bond ETF by 20.1% during the first quarter. Cetera Investment Advisers now owns 109,529 shares of the company’s stock valued at $3,148,000 after purchasing an additional 18,304 shares during the period. Finally, Kestra Advisory Services LLC lifted its position in First Trust Emerging Markets Local Currency Bond ETF by 114.1% during the first quarter. Kestra Advisory Services LLC now owns 9,301 shares of the company’s stock valued at $267,000 after purchasing an additional 4,956 shares during the period.

About First Trust Emerging Markets Local Currency Bond ETF

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.