Raymond James Financial Inc. Acquires New Position in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Raymond James Financial Inc. bought a new position in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 97,684 shares of the company’s stock, valued at approximately $2,538,000.

Several other large investors have also bought and sold shares of FEMB. D.A. Davidson & CO. bought a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the third quarter valued at approximately $813,000. EWG Elevate Inc. boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 4.9% during the 4th quarter. EWG Elevate Inc. now owns 62,272 shares of the company’s stock valued at $1,618,000 after purchasing an additional 2,931 shares during the last quarter. Spire Wealth Management increased its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 111.2% in the 4th quarter. Spire Wealth Management now owns 11,965 shares of the company’s stock worth $311,000 after purchasing an additional 6,299 shares in the last quarter. Synergy Asset Management LLC raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 133.2% in the fourth quarter. Synergy Asset Management LLC now owns 22,427 shares of the company’s stock worth $614,000 after purchasing an additional 12,809 shares during the last quarter. Finally, Euro Pacific Asset Management LLC raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 0.9% in the fourth quarter. Euro Pacific Asset Management LLC now owns 117,473 shares of the company’s stock worth $3,086,000 after purchasing an additional 1,041 shares during the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.6 %

First Trust Emerging Markets Local Currency Bond ETF stock opened at $26.78 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a one year low of $25.60 and a one year high of $29.35. The business’s fifty day moving average is $26.92 and its 200 day moving average is $27.19.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.1425 per share. This represents a $1.71 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date is Thursday, March 27th. This is an increase from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.13.

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.