Raymond James Financial Inc. Purchases New Position in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Raymond James Financial Inc. acquired a new position in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 97,684 shares of the company’s stock, valued at approximately $2,538,000. Raymond James Financial Inc. owned 1.76% of First Trust Emerging Markets Local Currency Bond ETF at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FEMB. Spire Wealth Management lifted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 111.2% in the 4th quarter. Spire Wealth Management now owns 11,965 shares of the company’s stock valued at $311,000 after purchasing an additional 6,299 shares during the period. Synergy Asset Management LLC raised its holdings in First Trust Emerging Markets Local Currency Bond ETF by 133.2% in the fourth quarter. Synergy Asset Management LLC now owns 22,427 shares of the company’s stock worth $614,000 after purchasing an additional 12,809 shares in the last quarter. D.A. Davidson & CO. purchased a new position in First Trust Emerging Markets Local Currency Bond ETF during the third quarter valued at $813,000. EWG Elevate Inc. boosted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 4.9% during the 4th quarter. EWG Elevate Inc. now owns 62,272 shares of the company’s stock valued at $1,618,000 after buying an additional 2,931 shares in the last quarter. Finally, Flow Traders U.S. LLC grew its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 501.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 60,160 shares of the company’s stock worth $1,743,000 after buying an additional 50,160 shares during the period.

First Trust Emerging Markets Local Currency Bond ETF Trading Down 0.6 %

Shares of First Trust Emerging Markets Local Currency Bond ETF stock opened at $26.78 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $25.60 and a 1 year high of $29.35. The company has a 50-day moving average of $26.92 and a 200 day moving average of $27.19.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.1425 per share. This represents a $1.71 annualized dividend and a dividend yield of 6.39%. This is a positive change from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date is Thursday, March 27th.

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.