Assetmark Inc. Trims Stake in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Assetmark Inc. reduced its holdings in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 93.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,607 shares of the company’s stock after selling 23,651 shares during the quarter. Assetmark Inc.’s holdings in First Trust Emerging Markets Local Currency Bond ETF were worth $42,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Euro Pacific Asset Management LLC raised its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 0.9% during the 4th quarter. Euro Pacific Asset Management LLC now owns 117,473 shares of the company’s stock valued at $3,086,000 after buying an additional 1,041 shares in the last quarter. Prospera Financial Services Inc raised its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 9.4% during the 3rd quarter. Prospera Financial Services Inc now owns 26,595 shares of the company’s stock valued at $771,000 after buying an additional 2,282 shares in the last quarter. KKM Financial LLC raised its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 33.3% during the 3rd quarter. KKM Financial LLC now owns 11,713 shares of the company’s stock valued at $339,000 after buying an additional 2,928 shares in the last quarter. EWG Elevate Inc. raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 4.9% during the fourth 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. Finally, Spire Wealth Management raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 111.2% during the fourth quarter. Spire Wealth Management now owns 11,965 shares of the company’s stock worth $311,000 after acquiring an additional 6,299 shares in the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Trading Up 0.4 %

FEMB opened at $27.33 on Friday. The business’s 50-day moving average price is $26.71 and its 200-day moving average price is $27.27. First Trust Emerging Markets Local Currency Bond ETF has a 12 month low of $25.60 and a 12 month high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.1325 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.59 dividend on an annualized basis and a yield of 5.82%.

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.