First Trust Emerging Markets Local Currency Bond ETF $FEMB Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. decreased its position in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 45.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 28,434 shares of the company’s stock after selling 24,046 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in First Trust Emerging Markets Local Currency Bond ETF were worth $834,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 7.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 9,304 shares of the company’s stock valued at $273,000 after purchasing an additional 662 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 6.6% in the second quarter. Spire Wealth Management now owns 12,749 shares of the company’s stock valued at $368,000 after buying an additional 788 shares during the period. Walkner Condon Financial Advisors LLC boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 3.0% during the third quarter. Walkner Condon Financial Advisors LLC now owns 44,748 shares of the company’s stock valued at $1,313,000 after buying an additional 1,309 shares in the last quarter. Assetmark Inc. boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 6.2% during the third quarter. Assetmark Inc. now owns 24,175 shares of the company’s stock valued at $709,000 after buying an additional 1,416 shares in the last quarter. Finally, EWG Elevate Inc. grew its holdings in First Trust Emerging Markets Local Currency Bond ETF by 2.9% during the third quarter. EWG Elevate Inc. now owns 66,694 shares of the company’s stock worth $1,957,000 after acquiring an additional 1,868 shares during the period.

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

Shares of First Trust Emerging Markets Local Currency Bond ETF stock opened at $30.80 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a 52 week low of $25.66 and a 52 week high of $31.55. The company’s 50-day moving average price is $30.29 and its two-hundred day moving average price is $29.70.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be paid a dividend of $0.15 per share. This is a boost from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Friday, February 20th.

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.