Pine Valley Investments Ltd Liability Co Sells 45,944 Shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Pine Valley Investments Ltd Liability Co lowered its position in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 50.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,564 shares of the company’s stock after selling 45,944 shares during the quarter. Pine Valley Investments Ltd Liability Co owned about 0.62% of First Trust Emerging Markets Local Currency Bond ETF worth $1,320,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Flow Traders U.S. LLC raised its holdings 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 purchasing an additional 50,160 shares during the period. 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. KKM Financial LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 33.3% in the 3rd quarter. KKM Financial LLC now owns 11,713 shares of the company’s stock worth $339,000 after purchasing an additional 2,928 shares in the last quarter. Prospera Financial Services Inc increased its stake in First Trust Emerging Markets Local Currency Bond ETF by 9.4% during the 3rd quarter. Prospera Financial Services Inc now owns 26,595 shares of the company’s stock valued at $771,000 after purchasing an additional 2,282 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in 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 last quarter.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of NASDAQ:FEMB opened at $27.05 on Friday. The stock’s fifty day simple moving average is $27.39 and its two-hundred day simple moving average is $27.73. First Trust Emerging Markets Local Currency Bond ETF has a 1-year low of $26.62 and a 1-year high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were given a dividend of $0.1325 per share. This represents a $1.59 annualized dividend and a dividend yield of 5.88%. The ex-dividend date was Thursday, November 21st.

First Trust Emerging Markets Local Currency Bond ETF 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.