Principal Securities Inc. Purchases Shares of 1,128 First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Principal Securities Inc. purchased a new stake in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,128 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FEMB. Raymond James & Associates lifted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 256.0% in the 3rd quarter. Raymond James & Associates now owns 41,115 shares of the company’s stock valued at $1,112,000 after acquiring an additional 29,566 shares during the last quarter. D.A. Davidson & CO. raised its holdings in First Trust Emerging Markets Local Currency Bond ETF by 2.6% during the 3rd quarter. D.A. Davidson & CO. now owns 18,279 shares of the company’s stock worth $494,000 after buying an additional 470 shares during the period. Envestnet Asset Management Inc. raised its holdings in First Trust Emerging Markets Local Currency Bond ETF by 19.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 254,290 shares of the company’s stock worth $6,879,000 after buying an additional 42,261 shares during the period. Harbour Investments Inc. raised its holdings in First Trust Emerging Markets Local Currency Bond ETF by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 62,123 shares of the company’s stock worth $1,680,000 after buying an additional 1,259 shares during the period. Finally, EWG Elevate Inc. raised its holdings in First Trust Emerging Markets Local Currency Bond ETF by 7.4% during the 4th quarter. EWG Elevate Inc. now owns 51,643 shares of the company’s stock worth $1,504,000 after buying an additional 3,563 shares during the period.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

NASDAQ FEMB opened at $27.92 on Monday. The stock’s 50-day moving average price is $27.88 and its two-hundred day moving average price is $28.31. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $25.91 and a 1 year high of $30.50.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.1325 per share. The ex-dividend date is Tuesday, May 21st. This represents a $1.59 annualized dividend and a yield of 5.69%.

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.