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

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

A number of other large investors also recently modified their holdings of FEMB. FSB Premier Wealth Management Inc. boosted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 16.6% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 10,791 shares of the company’s stock valued at $280,000 after purchasing an additional 1,536 shares during the period. Spire Wealth Management raised 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 valued at $311,000 after buying an additional 6,299 shares during the last quarter. Synergy Asset Management LLC grew its position in 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 in the last quarter. EWG Elevate Inc. increased its stake in First Trust Emerging Markets Local Currency Bond ETF by 4.9% during the fourth quarter. EWG Elevate Inc. now owns 62,272 shares of the company’s stock valued at $1,618,000 after acquiring an additional 2,931 shares during the period. Finally, OLD Mission Capital LLC bought a new position in First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter valued at about $1,804,000.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

FEMB opened at $27.75 on Wednesday. The stock’s 50 day simple moving average is $27.04 and its 200-day simple moving average is $26.91. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $25.60 and a 1 year high of $29.35.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.1425 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.71 annualized dividend and a dividend yield of 6.16%.

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.