Janney Montgomery Scott LLC reduced its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB – Get Rating) by 34.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 84,380 shares of the company's stock after selling 44,448 shares during the period. Janney Montgomery Scott LLC's holdings in First Trust Emerging Markets Local Currency Bond ETF were worth $2,215,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. First Trust Advisors LP lifted its position in First Trust Emerging Markets Local Currency Bond ETF by 1.0% during the first quarter. First Trust Advisors LP now owns 397,660 shares of the company's stock valued at $11,989,000 after buying an additional 3,860 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 7.0% during the first quarter. Baird Financial Group Inc. now owns 265,045 shares of the company's stock valued at $7,991,000 after purchasing an additional 17,417 shares during the period. Jane Street Group LLC raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 803.9% during the first quarter. Jane Street Group LLC now owns 198,842 shares of the company's stock valued at $5,995,000 after purchasing an additional 176,844 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 27.2% during the third quarter. Envestnet Asset Management Inc. now owns 168,630 shares of the company's stock valued at $4,134,000 after purchasing an additional 36,092 shares during the period. Finally, Truist Financial Corp raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 39.6% during the third quarter. Truist Financial Corp now owns 155,446 shares of the company's stock valued at $3,811,000 after purchasing an additional 44,086 shares during the period.
Get First Trust Emerging Markets Local Currency Bond ETF alerts:First Trust Emerging Markets Local Currency Bond ETF Trading Down 0.2 %
FEMB opened at $27.73 on Wednesday. The firm's 50 day moving average is $27.52 and its 200-day moving average is $27.26. First Trust Emerging Markets Local Currency Bond ETF has a 52-week low of $23.95 and a 52-week high of $28.83.
First Trust Emerging Markets Local Currency Bond ETF Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, April 28th. Stockholders of record on Monday, April 24th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, April 21st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.41%.
About First Trust Emerging Markets Local Currency Bond ETF
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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.
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Want to see what other hedge funds are holding FEMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB – Get Rating).
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