Independent Advisor Alliance Invests $3.65 Million in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Independent Advisor Alliance acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 140,445 shares of the company’s stock, valued at approximately $3,649,000.

Other large investors also recently modified their holdings of the company. Spire Wealth Management increased its position 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 buying an additional 6,299 shares during the period. KKM Financial LLC increased its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 33.3% during the third quarter. KKM Financial LLC now owns 11,713 shares of the company’s stock worth $339,000 after buying an additional 2,928 shares during the period. Synergy Asset Management LLC increased its position 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 buying an additional 12,809 shares during the period. Assetmark Inc. increased its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 28.5% during the third quarter. Assetmark Inc. now owns 25,258 shares of the company’s stock worth $732,000 after buying an additional 5,599 shares during the period. Finally, Prospera Financial Services Inc grew its holdings in First Trust Emerging Markets Local Currency Bond ETF by 9.4% in the third quarter. Prospera Financial Services Inc now owns 26,595 shares of the company’s stock worth $771,000 after purchasing an additional 2,282 shares during the period.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

NASDAQ:FEMB opened at $27.23 on Thursday. The firm has a fifty day simple moving average of $26.67 and a two-hundred day simple moving average of $27.28. 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 Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a $0.1325 dividend. This represents a $1.59 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend was Friday, February 21st.

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.