Synergy Asset Management LLC Has $447,000 Position in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Synergy Asset Management LLC lowered its stake in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 8.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,857 shares of the company’s stock after selling 1,479 shares during the quarter. Synergy Asset Management LLC owned about 0.27% of First Trust Emerging Markets Local Currency Bond ETF worth $447,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FEMB. Principal Securities Inc. bought a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter valued at approximately $33,000. Clarus Wealth Advisors bought a new position in First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter worth $610,000. Wells Fargo & Company MN raised its stake in First Trust Emerging Markets Local Currency Bond ETF by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 497,149 shares of the company’s stock worth $14,482,000 after acquiring an additional 29,524 shares in the last quarter. EWG Elevate Inc. raised its stake in First Trust Emerging Markets Local Currency Bond ETF by 6.1% during the first quarter. EWG Elevate Inc. now owns 54,782 shares of the company’s stock worth $1,543,000 after acquiring an additional 3,139 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in First Trust Emerging Markets Local Currency Bond ETF by 19.9% during the third quarter. Envestnet Asset Management Inc. now owns 254,290 shares of the company’s stock worth $6,879,000 after acquiring an additional 42,261 shares in the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of NASDAQ:FEMB traded down $0.04 during midday trading on Tuesday, reaching $26.89. The company’s stock had a trading volume of 89,125 shares, compared to its average volume of 61,274. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $25.91 and a fifty-two week high of $30.50. The business’s fifty day simple moving average is $27.52 and its 200-day simple moving average is $28.15.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.1325 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.59 dividend on an annualized basis and a dividend yield of 5.91%.

First Trust Emerging Markets Local Currency Bond ETF Company Profile

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.