Synergy Asset Management LLC Increases Stock Holdings in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Synergy Asset Management LLC raised its position in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 133.2% in the 4th quarter, Holdings Channel reports. The fund owned 22,427 shares of the company’s stock after purchasing an additional 12,809 shares during the period. Synergy Asset Management LLC’s holdings in First Trust Emerging Markets Local Currency Bond ETF were worth $614,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in First Trust Emerging Markets Local Currency Bond ETF by 7.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 137,130 shares of the company’s stock worth $3,563,000 after buying an additional 9,650 shares during the period. Euro Pacific Asset Management LLC grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 0.9% during the fourth quarter. Euro Pacific Asset Management LLC now owns 117,473 shares of the company’s stock valued at $3,086,000 after acquiring an additional 1,041 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the third quarter worth about $3,172,000. EWG Elevate Inc. lifted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 4.9% in the fourth quarter. EWG Elevate Inc. now owns 62,272 shares of the company’s stock worth $1,618,000 after acquiring an additional 2,931 shares in the last quarter. Finally, Flow Traders U.S. LLC boosted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 501.6% in 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 last quarter.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

FEMB stock opened at $26.67 on Thursday. The stock’s 50 day moving average is $26.54 and its two-hundred day moving average is $27.49. First Trust Emerging Markets Local Currency Bond ETF has a 52-week low of $25.60 and a 52-week high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a $0.1325 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.59 dividend on an annualized basis and a dividend yield of 5.96%.

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.