Commonwealth Equity Services LLC Sells 652 Shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Commonwealth Equity Services LLC reduced its stake in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 4.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,626 shares of the company’s stock after selling 652 shares during the quarter. Commonwealth Equity Services LLC’s holdings in First Trust Emerging Markets Local Currency Bond ETF were worth $380,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FEMB. Spire Wealth Management increased its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 111.2% during the 4th quarter. Spire Wealth Management now owns 11,965 shares of the company’s stock valued at $311,000 after purchasing an additional 6,299 shares during the last quarter. Synergy Asset Management LLC raised its holdings in First Trust Emerging Markets Local Currency Bond ETF by 133.2% during the 4th quarter. Synergy Asset Management LLC now owns 22,427 shares of the company’s stock valued at $614,000 after acquiring an additional 12,809 shares during the period. EWG Elevate Inc. lifted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 4.9% during the 4th quarter. EWG Elevate Inc. now owns 62,272 shares of the company’s stock worth $1,618,000 after purchasing an additional 2,931 shares in the last quarter. Raymond James Financial Inc. purchased a new position in First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter valued at approximately $2,538,000. Finally, Euro Pacific Asset Management LLC grew its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 0.9% during the 4th quarter. Euro Pacific Asset Management LLC now owns 117,473 shares of the company’s stock valued at $3,086,000 after purchasing an additional 1,041 shares in the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 2.8 %

NASDAQ:FEMB opened at $26.43 on Monday. First Trust Emerging Markets Local Currency Bond ETF has a twelve month low of $25.60 and a twelve month high of $29.35. The business’s 50-day moving average price is $26.96 and its two-hundred day moving average price is $27.12.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.1425 dividend. This represents a $1.71 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.13.

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.