First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Shares Sold by LPL Financial LLC

LPL Financial LLC reduced its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 57.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 315,228 shares of the company’s stock after selling 424,820 shares during the quarter. LPL Financial LLC owned approximately 5.73% of First Trust Emerging Markets Local Currency Bond ETF worth $8,190,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FEMB. EWG Elevate Inc. raised its stake in 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 worth $1,618,000 after acquiring an additional 2,931 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter worth about $2,538,000. Synergy Asset Management LLC grew its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 133.2% during 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 during the last quarter. Euro Pacific Asset Management LLC increased its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 0.9% during the fourth quarter. Euro Pacific Asset Management LLC now owns 117,473 shares of the company’s stock worth $3,086,000 after purchasing an additional 1,041 shares in the last quarter. Finally, Spire Wealth Management lifted its holdings 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 last quarter.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of NASDAQ FEMB opened at $26.43 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a 52-week low of $25.60 and a 52-week high of $29.35. The business has a 50-day moving average price of $26.96 and a 200 day moving average price of $27.13.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.1425 per share. This represents a $1.71 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date was Thursday, March 27th. 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 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.