Envestnet Asset Management Inc. Acquires 103,436 Shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Envestnet Asset Management Inc. boosted its holdings in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 24.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 533,138 shares of the company’s stock after purchasing an additional 103,436 shares during the period. Envestnet Asset Management Inc. owned about 7.90% of First Trust Emerging Markets Local Currency Bond ETF worth $14,485,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Private Advisor Group LLC grew its position in First Trust Emerging Markets Local Currency Bond ETF by 6.5% in the second quarter. Private Advisor Group LLC now owns 43,593 shares of the company’s stock valued at $1,184,000 after purchasing an additional 2,657 shares in the last quarter. Belpointe Asset Management LLC grew its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 48.6% in the 2nd quarter. Belpointe Asset Management LLC now owns 52,489 shares of the company’s stock valued at $1,426,000 after acquiring an additional 17,171 shares during the period. Commonwealth Equity Services LLC grew its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 0.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 74,099 shares of the company’s stock valued at $2,013,000 after acquiring an additional 474 shares during the period. Walkner Condon Financial Advisors LLC grew its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 10.7% in the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 39,009 shares of the company’s stock valued at $1,060,000 after acquiring an additional 3,764 shares during the period. Finally, Harbour Investments Inc. grew its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 7.5% in the 2nd quarter. Harbour Investments Inc. now owns 64,287 shares of the company’s stock valued at $1,747,000 after acquiring an additional 4,509 shares during the period.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of FEMB opened at $29.15 on Wednesday. The firm has a 50-day moving average of $28.17 and a 200-day moving average of $27.88. First Trust Emerging Markets Local Currency Bond ETF has a one year low of $25.91 and a one year high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were given a $0.1325 dividend. This represents a $1.59 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date of this dividend was Wednesday, August 21st. This is an increase from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.13.

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.