First Trust Emerging Markets Local Currency Bond ETF $FEMB Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lessened its position in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 45.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,434 shares of the company’s stock after selling 24,046 shares during the period. Vestmark Advisory Solutions Inc. owned approximately 0.31% of First Trust Emerging Markets Local Currency Bond ETF worth $834,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. AE Wealth Management LLC grew its position in First Trust Emerging Markets Local Currency Bond ETF by 1,680.5% in the 2nd quarter. AE Wealth Management LLC now owns 4,932 shares of the company’s stock worth $142,000 after purchasing an additional 4,655 shares during the last quarter. Brookwood Investment Group LLC acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the third quarter worth approximately $232,000. Milestones Private Investment Advisors LLC bought a new position in First Trust Emerging Markets Local Currency Bond ETF in the 2nd quarter worth approximately $237,000. Benjamin Edwards Inc. acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF in the 2nd quarter valued at approximately $250,000. Finally, Balefire LLC bought a new stake in First Trust Emerging Markets Local Currency Bond ETF during the 3rd quarter valued at $262,000.

First Trust Emerging Markets Local Currency Bond ETF Trading Down 0.3%

Shares of FEMB stock opened at $30.80 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $25.66 and a 1 year high of $31.55. The stock has a fifty day moving average of $30.29 and a two-hundred day moving average of $29.70.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a $0.15 dividend. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 5.8%. This is a boost from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.14.

First Trust Emerging Markets Local Currency Bond ETF 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.