Janney Montgomery Scott LLC Cuts Stock Position in First Trust Emerging Markets Local Currency Bond ETF $FEMB

Janney Montgomery Scott LLC cut its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 3.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,303 shares of the company’s stock after selling 2,785 shares during the period. Janney Montgomery Scott LLC owned 1.05% of First Trust Emerging Markets Local Currency Bond ETF worth $2,204,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter valued at $275,000. Cambridge Investment Research Advisors Inc. grew its stake in First Trust Emerging Markets Local Currency Bond ETF by 3.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,277 shares of the company’s stock valued at $572,000 after purchasing an additional 731 shares during the last quarter. Walkner Condon Financial Advisors LLC increased its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 2.3% in the first quarter. Walkner Condon Financial Advisors LLC now owns 39,677 shares of the company’s stock valued at $1,067,000 after purchasing an additional 901 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 12.2% in the first quarter. Envestnet Asset Management Inc. now owns 31,847 shares of the company’s stock valued at $856,000 after purchasing an additional 3,470 shares during the period. Finally, LPL Financial LLC raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 1.6% in the first quarter. LPL Financial LLC now owns 320,255 shares of the company’s stock worth $8,612,000 after purchasing an additional 5,027 shares during the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Trading Down 0.6%

Shares of NASDAQ:FEMB opened at $29.15 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a twelve month low of $25.60 and a twelve month high of $30.00. The company’s 50 day moving average is $29.23 and its 200 day moving average is $28.39.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a dividend of $0.1425 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Thursday, September 25th.

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.