Naples Global Advisors LLC Acquires 3,350 Shares of First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM)

Naples Global Advisors LLC lifted its stake in First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,591 shares of the company’s stock after purchasing an additional 3,350 shares during the quarter. Naples Global Advisors LLC owned about 15.20% of First Trust Bloomberg Emerging Market Democracies ETF worth $929,000 at the end of the most recent reporting period.

First Trust Bloomberg Emerging Market Democracies ETF Price Performance

Shares of NYSEARCA:EMDM opened at $21.66 on Friday. The firm has a market capitalization of $6.50 million, a PE ratio of 10.47 and a beta of 0.98. The business has a 50 day simple moving average of $21.05 and a two-hundred day simple moving average of $22.42. First Trust Bloomberg Emerging Market Democracies ETF has a 1 year low of $20.21 and a 1 year high of $25.27.

About First Trust Bloomberg Emerging Market Democracies ETF

The First Trust Exchange-Traded Fun (EMDM) is an exchange-traded fund that mostly invests in total market equity. The fund follows a principles-based index of large- and mid-cap companies located in emerging market countries considered to have electoral democracy. Holdings are weighted based on a combination of governance score and market capitalization.