Envestnet Asset Management Inc. Lowers Stock Position in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Envestnet Asset Management Inc. lowered its position in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 78.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,377 shares of the company’s stock after selling 103,610 shares during the quarter. Envestnet Asset Management Inc. owned 0.52% of First Trust Emerging Markets Local Currency Bond ETF worth $737,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. FSB Premier Wealth Management Inc. boosted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 16.6% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 10,791 shares of the company’s stock worth $280,000 after acquiring an additional 1,536 shares during the period. Spire Wealth Management grew its holdings in First Trust Emerging Markets Local Currency Bond ETF by 111.2% during the 4th quarter. Spire Wealth Management now owns 11,965 shares of the company’s stock worth $311,000 after acquiring an additional 6,299 shares in the last quarter. Synergy Asset Management LLC raised its stake in First Trust Emerging Markets Local Currency Bond ETF by 133.2% during the fourth quarter. Synergy Asset Management LLC now owns 22,427 shares of the company’s stock valued at $614,000 after buying an additional 12,809 shares in the last quarter. EWG Elevate Inc. lifted its stake in First Trust Emerging Markets Local Currency Bond ETF by 4.9% during the fourth quarter. EWG Elevate Inc. now owns 62,272 shares of the company’s stock worth $1,618,000 after purchasing an additional 2,931 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new stake in First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter valued at $1,804,000.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

First Trust Emerging Markets Local Currency Bond ETF stock opened at $27.86 on Friday. The firm’s 50-day moving average is $27.09 and its 200-day moving average is $26.92. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $25.60 and a 1 year high of $29.35.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were issued a $0.1425 dividend. This represents a $1.71 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend was Tuesday, April 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.