First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Trading Up 0.1% – Time to Buy?

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)’s share price was up 0.1% on Tuesday . The stock traded as high as $29.96 and last traded at $29.80. Approximately 41,263 shares were traded during trading, a decline of 69% from the average daily volume of 133,201 shares. The stock had previously closed at $29.77.

First Trust Emerging Markets Local Currency Bond ETF Trading Up 0.1%

The firm’s 50-day moving average price is $29.47 and its two-hundred day moving average price is $29.74.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a $0.165 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%.

Hedge Funds Weigh In On First Trust Emerging Markets Local Currency Bond ETF

A number of hedge funds have recently modified their holdings of FEMB. Seascape Capital Management acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter worth approximately $6,815,000. LPL Financial LLC raised its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 21.4% in the 4th quarter. LPL Financial LLC now owns 1,181,923 shares of the company’s stock worth $35,221,000 after buying an additional 207,987 shares in the last quarter. Csenge Advisory Group raised its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 303.6% in the 4th quarter. Csenge Advisory Group now owns 237,751 shares of the company’s stock worth $7,085,000 after buying an additional 178,850 shares in the last quarter. First Trust Advisors LP boosted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 399.2% in the 2nd quarter. First Trust Advisors LP now owns 217,192 shares of the company’s stock worth $6,273,000 after purchasing an additional 173,687 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 143.2% in the 4th quarter. Royal Bank of Canada now owns 178,868 shares of the company’s stock worth $5,330,000 after purchasing an additional 105,308 shares during the last quarter.

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. FEMB was launched on Nov 4, 2014 and is managed by First Trust.