Assetmark Inc. Grows Stock Position in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Assetmark Inc. grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 28.5% in the third quarter, HoldingsChannel reports. The fund owned 25,258 shares of the company’s stock after buying an additional 5,599 shares during the quarter. Assetmark Inc.’s holdings in First Trust Emerging Markets Local Currency Bond ETF were worth $732,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Concurrent Investment Advisors LLC purchased a new position in First Trust Emerging Markets Local Currency Bond ETF in the 3rd quarter worth approximately $3,172,000. Envestnet Asset Management Inc. boosted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 24.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 533,138 shares of the company’s stock valued at $14,485,000 after buying an additional 103,436 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 1st quarter valued at approximately $2,385,000. CWM LLC raised its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 26,208.4% during the 3rd quarter. CWM LLC now owns 56,300 shares of the company’s stock valued at $1,632,000 after acquiring an additional 56,086 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the 1st quarter valued at approximately $1,173,000.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

FEMB stock opened at $26.94 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $26.64 and a 12-month high of $30.11. The stock’s 50 day simple moving average is $28.09 and its 200 day simple moving average is $27.85.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were given a $0.1325 dividend. This represents a $1.59 annualized dividend and a yield of 5.90%. The ex-dividend date of this dividend was Tuesday, October 22nd.

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.