First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Shareholders to Receive $0.20 Monthly Dividend

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) declared a monthly dividend on Tuesday, October 20th. Stockholders of record on Wednesday, October 21st will be given a dividend of $0.20 per share on Friday, October 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Wednesday, October 21st.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of FEMB traded down $0.26 during trading hours on Wednesday, reaching $28.66. The company had a trading volume of 29,244 shares, compared to its average volume of 116,852. The firm has a 50 day simple moving average of $29.21 and a 200-day simple moving average of $29.34. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $28.13 and a 12-month high of $31.55.

Institutional Investors Weigh In On First Trust Emerging Markets Local Currency Bond ETF

Several institutional investors have recently modified their holdings of the company. Merkkuri Wealth Advisors LLC acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF in the 1st quarter valued at about $40,000. Sound Income Strategies LLC increased its holdings in First Trust Emerging Markets Local Currency Bond ETF by 341.6% during the 1st quarter. Sound Income Strategies LLC now owns 1,519 shares of the company’s stock valued at $44,000 after acquiring an additional 1,175 shares in the last quarter. Milestones Private Investment Advisors LLC raised its position in First Trust Emerging Markets Local Currency Bond ETF by 15.4% during the first quarter. Milestones Private Investment Advisors LLC now owns 8,011 shares of the company’s stock worth $230,000 after acquiring an additional 1,072 shares during the last quarter. Sovran Advisors LLC acquired a new position in First Trust Emerging Markets Local Currency Bond ETF during the first quarter worth about $260,000. Finally, Kestra Advisory Services LLC raised its position in First Trust Emerging Markets Local Currency Bond ETF by 114.1% during the first quarter. Kestra Advisory Services LLC now owns 9,301 shares of the company’s stock worth $267,000 after acquiring an additional 4,956 shares during the last quarter.

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.