First Trust Emerging Markets Local Currency Bond ETF $FEMB Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 66.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 451,677 shares of the company’s stock after acquiring an additional 180,123 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in First Trust Emerging Markets Local Currency Bond ETF were worth $13,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Endowment Wealth Management Inc. purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at about $1,934,000. Csenge Advisory Group boosted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 303.6% in the fourth quarter. Csenge Advisory Group now owns 237,751 shares of the company’s stock worth $7,085,000 after buying an additional 178,850 shares during the last quarter. First Trust Advisors LP grew its holdings in First Trust Emerging Markets Local Currency Bond ETF by 24.8% during the first quarter. First Trust Advisors LP now owns 319,673 shares of the company’s stock worth $9,186,000 after acquiring an additional 63,498 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter worth about $1,404,000. Finally, Cetera Investment Advisers raised its position in First Trust Emerging Markets Local Currency Bond ETF by 20.1% during the first quarter. Cetera Investment Advisers now owns 109,529 shares of the company’s stock valued at $3,148,000 after acquiring an additional 18,304 shares in the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of NASDAQ:FEMB opened at $29.73 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $28.30 and a 12-month high of $31.55. The business has a 50 day moving average of $29.48 and a two-hundred day moving average of $29.52.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were issued a dividend of $0.185 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend was Friday, August 21st.

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.