First Trust Emerging Markets Local Currency Bond ETF Declares Monthly Dividend of $0.17 (NASDAQ:FEMB)

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) announced a monthly dividend on Monday, July 20th, NASDAQ Dividends reports. Stockholders of record on Tuesday, July 21st will be given a dividend of 0.165 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Tuesday, July 21st.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of FEMB stock traded down $0.21 during trading on Tuesday, reaching $29.12. The company’s stock had a trading volume of 72,746 shares, compared to its average volume of 129,963. First Trust Emerging Markets Local Currency Bond ETF has a one year low of $28.18 and a one year high of $31.55. The business has a fifty day moving average price of $29.32 and a 200-day moving average price of $29.69.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Merkkuri Wealth Advisors LLC bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the first quarter valued at $40,000. Sound Income Strategies LLC increased its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 341.6% during the 1st quarter. Sound Income Strategies LLC now owns 1,519 shares of the company’s stock worth $44,000 after purchasing an additional 1,175 shares during the last quarter. Intesa Sanpaolo Wealth Management bought a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter valued at about $45,000. Capital Investment Advisory Services LLC raised its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 372.9% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,641 shares of the company’s stock valued at $49,000 after purchasing an additional 1,294 shares during the period. Finally, Private Trust Co. NA lifted its stake in First Trust Emerging Markets Local Currency Bond ETF by 187.2% in the 4th quarter. Private Trust Co. NA now owns 2,045 shares of the company’s stock valued at $61,000 after purchasing an additional 1,333 shares during the last quarter.

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.