First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) to Issue Monthly Dividend of $0.14

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) declared a monthly dividend on Wednesday, September 24th. Stockholders of record on Thursday, September 25th will be given a dividend of 0.1425 per share on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, September 25th.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

NASDAQ:FEMB opened at $29.58 on Thursday. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $25.60 and a 12-month high of $30.00. The stock’s fifty day simple moving average is $29.06 and its 200-day simple moving average is $28.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 3.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,277 shares of the company’s stock worth $572,000 after purchasing an additional 731 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter worth $275,000. Harbour Investments Inc. boosted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 14.9% in 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 during the last quarter. GTS Securities LLC bought a new position in First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter worth about $291,000. Finally, Walkner Condon Financial Advisors LLC lifted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 2.3% during the first quarter. Walkner Condon Financial Advisors LLC now owns 39,677 shares of the company’s stock worth $1,067,000 after acquiring an additional 901 shares in 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.