First Trust Emerging Markets Local Currency Bond ETF $FEMB Shares Newly Purchased by MGO One Seven LLC

MGO One Seven LLC purchased a new stake in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) during the third quarter, HoldingsChannel reports. The institutional investor purchased 54,828 shares of the company’s stock, valued at approximately $1,561,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. acquired a new position in First Trust Emerging Markets Local Currency Bond ETF during the third quarter worth $1,331,000. Oppenheimer & Co. Inc. bought a new position in First Trust Emerging Markets Local Currency Bond ETF in the third quarter valued at $203,000. Park Avenue Securities LLC acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF in the 3rd quarter valued at $450,000. TD Waterhouse Canada Inc. acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF in the 3rd quarter valued at $1,730,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 14.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 240,435 shares of the company’s stock valued at $7,026,000 after acquiring an additional 30,002 shares in the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of NASDAQ FEMB opened at $28.34 on Thursday. The stock has a 50 day moving average price of $28.89 and a 200 day moving average price of $29.45. First Trust Emerging Markets Local Currency Bond ETF has a 52 week low of $27.68 and a 52 week high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were given a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend was Wednesday, October 21st.

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.