Concurrent Investment Advisors LLC Sells 95,925 Shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Concurrent Investment Advisors LLC trimmed its stake in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 87.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,513 shares of the company’s stock after selling 95,925 shares during the quarter. Concurrent Investment Advisors LLC owned about 0.24% of First Trust Emerging Markets Local Currency Bond ETF worth $351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 7.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 137,130 shares of the company’s stock worth $3,563,000 after acquiring an additional 9,650 shares during the period. Euro Pacific Asset Management LLC grew its position in 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 acquiring an additional 1,041 shares in the last quarter. EWG Elevate Inc. grew its position 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 last quarter. Flow Traders U.S. LLC grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 501.6% during the third quarter. Flow Traders U.S. LLC now owns 60,160 shares of the company’s stock valued at $1,743,000 after buying an additional 50,160 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 8.6% in the third quarter. Private Advisor Group LLC now owns 47,338 shares of the company’s stock worth $1,372,000 after buying an additional 3,745 shares during the period.

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

Shares of NASDAQ FEMB opened at $27.01 on Wednesday. The company’s 50-day moving average is $26.49 and its 200 day moving average is $27.38. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $25.60 and a 1 year high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.1325 per share. This represents a $1.59 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is 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.