Endowment Wealth Management Inc. Purchases Shares of 64,906 First Trust Emerging Markets Local Currency Bond ETF $FEMB

Endowment Wealth Management Inc. acquired a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 64,906 shares of the company’s stock, valued at approximately $1,934,000. First Trust Emerging Markets Local Currency Bond ETF comprises 0.9% of Endowment Wealth Management Inc.’s portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. KKM Financial LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 3.9% during the third quarter. KKM Financial LLC now owns 11,687 shares of the company’s stock valued at $343,000 after acquiring an additional 440 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 3.0% during the fourth quarter. D.A. Davidson & CO. now owns 36,725 shares of the company’s stock valued at $1,094,000 after acquiring an additional 1,080 shares during the period. Capital Investment Advisory Services LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 372.9% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,641 shares of the company’s stock valued at $49,000 after acquiring an additional 1,294 shares during the period. Assetmark Inc. lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 5.4% during the fourth quarter. Assetmark Inc. now owns 25,488 shares of the company’s stock valued at $760,000 after acquiring an additional 1,313 shares during the period. Finally, Private Trust Co. NA lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 187.2% during the fourth quarter. Private Trust Co. NA now owns 2,045 shares of the company’s stock valued at $61,000 after acquiring an additional 1,333 shares during the period.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of NASDAQ FEMB opened at $29.05 on Tuesday. The business has a fifty day moving average of $29.34 and a two-hundred day moving average of $29.77. First Trust Emerging Markets Local Currency Bond ETF has a 52-week low of $27.76 and a 52-week high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a $0.165 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%.

First Trust Emerging Markets Local Currency Bond ETF 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.