Concurrent Investment Advisors LLC Sells 95,925 Shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Concurrent Investment Advisors LLC decreased its stake in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 87.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,513 shares of the company’s stock after selling 95,925 shares during the period. Concurrent Investment Advisors LLC’s holdings in First Trust Emerging Markets Local Currency Bond ETF were worth $351,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Spire Wealth Management raised its stake 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 worth $311,000 after acquiring an additional 6,299 shares in the last quarter. KKM Financial LLC grew its position in First Trust Emerging Markets Local Currency Bond ETF by 33.3% during the 3rd quarter. KKM Financial LLC now owns 11,713 shares of the company’s stock worth $339,000 after purchasing an additional 2,928 shares during the period. Synergy Asset Management LLC raised its position in First Trust Emerging Markets Local Currency Bond ETF by 133.2% during the fourth 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 in the last quarter. Assetmark Inc. increased its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 28.5% during the 3rd quarter. Assetmark Inc. now owns 25,258 shares of the company’s stock valued at $732,000 after purchasing an additional 5,599 shares in the last quarter. Finally, Prospera Financial Services Inc raised its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 9.4% in the third quarter. Prospera Financial Services Inc now owns 26,595 shares of the company’s stock worth $771,000 after acquiring an additional 2,282 shares during the period.

First Trust Emerging Markets Local Currency Bond ETF Stock Up 0.1 %

Shares of FEMB stock opened at $27.01 on Wednesday. First Trust Emerging Markets Local Currency Bond ETF has a 1-year low of $25.60 and a 1-year high of $30.11. The stock has a 50 day simple moving average of $26.49 and a 200-day simple moving average of $27.38.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a $0.1325 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.59 annualized dividend and a dividend yield of 5.89%.

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.