First Trust Emerging Markets Local Currency Bond ETF (FEMB) to Issue Monthly Dividend of $0.14 on October 31st

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) announced a monthly dividend on Monday, October 20th. Shareholders of record on Tuesday, October 21st will be paid a dividend of 0.1425 per share on Friday, October 31st. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, October 21st.

First Trust Emerging Markets Local Currency Bond ETF Trading Down 0.9%

NASDAQ:FEMB opened at $29.28 on Wednesday. The business’s 50-day moving average is $29.29 and its 200 day moving average is $28.52. First Trust Emerging Markets Local Currency Bond ETF has a 12 month low of $25.60 and a 12 month high of $30.00.

Hedge Funds Weigh In On First Trust Emerging Markets Local Currency Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position 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 period. Envestnet Asset Management Inc. boosted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 12.2% during 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 in the last quarter. LPL Financial LLC increased its holdings in First Trust Emerging Markets Local Currency Bond ETF by 1.6% during the first quarter. LPL Financial LLC now owns 320,255 shares of the company’s stock valued at $8,612,000 after buying an additional 5,027 shares during the period. Harbour Investments Inc. raised its stake in First Trust Emerging Markets Local Currency Bond ETF by 14.9% in the first quarter. Harbour Investments Inc. now owns 4,589 shares of the company’s stock worth $123,000 after buying an additional 594 shares in the last quarter. Finally, OLD Mission Capital LLC lifted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 1.0% during the first quarter. OLD Mission Capital LLC now owns 70,085 shares of the company’s stock worth $1,885,000 after buying an additional 662 shares during the period.

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.