Seascape Capital Management Makes New $6.82 Million Investment in First Trust Emerging Markets Local Currency Bond ETF $FEMB

Seascape Capital Management bought a new position in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 228,685 shares of the company’s stock, valued at approximately $6,815,000. First Trust Emerging Markets Local Currency Bond ETF comprises 1.9% of Seascape Capital Management’s holdings, making the stock its 14th biggest position.

Other large investors have also bought and sold shares of the company. Csenge Advisory Group purchased a new stake in First Trust Emerging Markets Local Currency Bond ETF in the third quarter worth $1,728,000. Osaic Holdings Inc. increased its position in First Trust Emerging Markets Local Currency Bond ETF by 1,318.2% in the second quarter. Osaic Holdings Inc. now owns 137,952 shares of the company’s stock worth $3,984,000 after buying an additional 128,225 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in First Trust Emerging Markets Local Currency Bond ETF in the third quarter worth $3,872,000. Redhawk Wealth Advisors Inc. purchased a new stake in First Trust Emerging Markets Local Currency Bond ETF in the third quarter worth $10,172,000. Finally, Assetmark Inc. increased its position in First Trust Emerging Markets Local Currency Bond ETF by 6.2% in the third quarter. Assetmark Inc. now owns 24,175 shares of the company’s stock worth $709,000 after buying an additional 1,416 shares during the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

NASDAQ:FEMB opened at $28.96 on Wednesday. The business has a fifty day simple moving average of $29.90 and a two-hundred day simple moving average of $29.72. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $25.66 and a 1 year high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.15 dividend. The ex-dividend date was Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 6.2%.

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.