Envestnet Asset Management Inc. Has $3.15 Million Stock Position in First Trust Emerging Markets Local Currency Bond ETF $FEMB

Envestnet Asset Management Inc. boosted its holdings in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 242.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,196 shares of the company’s stock after buying an additional 77,349 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.48% of First Trust Emerging Markets Local Currency Bond ETF worth $3,154,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its holdings 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 acquiring an additional 5,027 shares during the last quarter. Harbour Investments Inc. increased its position in First Trust Emerging Markets Local Currency Bond ETF by 14.9% during the 1st quarter. Harbour Investments Inc. now owns 4,589 shares of the company’s stock worth $123,000 after purchasing an additional 594 shares in the last quarter. OLD Mission Capital LLC increased its position in First Trust Emerging Markets Local Currency Bond ETF by 1.0% during the 1st quarter. OLD Mission Capital LLC now owns 70,085 shares of the company’s stock worth $1,885,000 after purchasing an additional 662 shares in the last quarter. HBW Advisory Services LLC bought a new position in First Trust Emerging Markets Local Currency Bond ETF in the 2nd quarter valued at approximately $285,000. Finally, Perigon Wealth Management LLC acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF in the second quarter valued at approximately $243,000.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.1%

NASDAQ FEMB opened at $29.74 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $25.60 and a fifty-two week high of $30.00. The firm’s fifty day moving average price is $29.44 and its two-hundred day moving average price is $28.85.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were issued a dividend of $0.1425 per share. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Tuesday, October 21st.

First Trust Emerging Markets Local Currency Bond ETF 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.