Concurrent Investment Advisors LLC Grows Stock Position in First Trust Emerging Markets Local Currency Bond ETF $FEMB

Concurrent Investment Advisors LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 66.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 451,677 shares of the company’s stock after acquiring an additional 180,123 shares during the period. Concurrent Investment Advisors LLC owned approximately 3.70% of First Trust Emerging Markets Local Currency Bond ETF worth $13,198,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. First Trust Advisors LP raised its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 399.2% in the 2nd quarter. First Trust Advisors LP now owns 217,192 shares of the company’s stock valued at $6,273,000 after purchasing an additional 173,687 shares during the last quarter. Raymond James Financial Inc. increased its stake in First Trust Emerging Markets Local Currency Bond ETF by 21.8% during the 2nd quarter. Raymond James Financial Inc. now owns 75,538 shares of the company’s stock valued at $2,182,000 after purchasing an additional 13,527 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the second quarter worth $250,000. Bank of America Corp DE purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the third quarter worth $73,000. Finally, Kestra Private Wealth Services LLC acquired a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the third quarter worth $408,000.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of FEMB opened at $29.73 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a 1-year low of $28.30 and a 1-year high of $31.55. The company’s fifty day moving average price is $29.48 and its 200-day moving average price is $29.52.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were given a dividend of $0.185 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 7.5%.

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.