Csenge Advisory Group Makes New $1.73 Million Investment in First Trust Emerging Markets Local Currency Bond ETF $FEMB

Csenge Advisory Group purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 58,901 shares of the company’s stock, valued at approximately $1,728,000. Csenge Advisory Group owned about 0.65% of First Trust Emerging Markets Local Currency Bond ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Walkner Condon Financial Advisors LLC raised its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 9.5% during the second quarter. Walkner Condon Financial Advisors LLC now owns 43,439 shares of the company’s stock valued at $1,255,000 after buying an additional 3,762 shares during the last quarter. Envestnet Asset Management Inc. grew its position in First Trust Emerging Markets Local Currency Bond ETF by 242.9% during the second quarter. Envestnet Asset Management Inc. now owns 109,196 shares of the company’s stock worth $3,154,000 after buying an additional 77,349 shares in the last quarter. Assetmark Inc. increased its stake in First Trust Emerging Markets Local Currency Bond ETF by 4,293.6% during the second quarter. Assetmark Inc. now owns 22,759 shares of the company’s stock valued at $657,000 after acquiring an additional 22,241 shares during the period. D.A. Davidson & CO. acquired a new position in First Trust Emerging Markets Local Currency Bond ETF in the 2nd quarter valued at approximately $943,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the 2nd quarter worth approximately $121,000.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of NASDAQ:FEMB opened at $29.99 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a 1-year low of $25.66 and a 1-year high of $30.13. The business’s 50 day moving average is $29.71 and its 200-day moving average is $29.34.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.1425 dividend. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Friday, December 12th.

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.