Cottonwood Capital Advisors LLC Reduces Stock Holdings in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Cottonwood Capital Advisors LLC reduced its stake in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,470 shares of the company’s stock after selling 902 shares during the quarter. Cottonwood Capital Advisors LLC owned approximately 0.55% of First Trust Emerging Markets Local Currency Bond ETF worth $792,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC purchased a new stake in First Trust Emerging Markets Local Currency Bond ETF in the third quarter worth $3,172,000. CWM LLC grew its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 26,208.4% in the 3rd quarter. CWM LLC now owns 56,300 shares of the company’s stock worth $1,632,000 after buying an additional 56,086 shares during the period. Flow Traders U.S. LLC lifted its position in First Trust Emerging Markets Local Currency Bond ETF by 501.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 60,160 shares of the company’s stock valued at $1,743,000 after acquiring an additional 50,160 shares during the period. D.A. Davidson & CO. purchased a new position in First Trust Emerging Markets Local Currency Bond ETF during the 3rd quarter valued at about $813,000. Finally, TAP Consulting LLC bought a new stake in First Trust Emerging Markets Local Currency Bond ETF during the third quarter worth about $533,000.

First Trust Emerging Markets Local Currency Bond ETF Stock Up 0.9 %

Shares of NASDAQ FEMB opened at $26.75 on Friday. The company has a 50 day simple moving average of $26.56 and a two-hundred day simple moving average of $27.52. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $25.60 and a fifty-two week high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.1325 per share. This represents a $1.59 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend is Wednesday, January 22nd.

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.