First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Shares Up 0.1% – Time to Buy?

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was up 0.1% on Tuesday . The stock traded as high as $29.96 and last traded at $29.80. Approximately 41,263 shares changed hands during trading, a decline of 69% from the average daily volume of 133,201 shares. The stock had previously closed at $29.77.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.3%

The stock has a 50 day moving average price of $29.49 and a 200-day moving average price of $29.74.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were issued a $0.165 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 6.7%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC increased its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 17.0% during the 1st quarter. NewEdge Advisors LLC now owns 86,185 shares of the company’s stock valued at $2,477,000 after purchasing an additional 12,520 shares during the last quarter. Arkadios Wealth Advisors bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 1st quarter worth approximately $286,000. Royal Bank of Canada lifted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 7.3% in the 1st quarter. Royal Bank of Canada now owns 191,970 shares of the company’s stock worth $5,517,000 after purchasing an additional 13,102 shares during the period. Cetera Investment Advisers boosted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 20.1% in the first quarter. Cetera Investment Advisers now owns 109,529 shares of the company’s stock worth $3,148,000 after buying an additional 18,304 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 24.8% in the first quarter. First Trust Advisors LP now owns 319,673 shares of the company’s stock worth $9,186,000 after buying an additional 63,498 shares during the last quarter.

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. FEMB was launched on Nov 4, 2014 and is managed by First Trust.