Independent Advisor Alliance Acquires New Holdings in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Independent Advisor Alliance acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 140,445 shares of the company’s stock, valued at approximately $3,649,000. Independent Advisor Alliance owned about 2.55% of First Trust Emerging Markets Local Currency Bond ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FEMB. Janney Montgomery Scott LLC increased its position in First Trust Emerging Markets Local Currency Bond ETF by 7.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 137,130 shares of the company’s stock valued at $3,563,000 after acquiring an additional 9,650 shares during the period. Euro Pacific Asset Management LLC increased its position in First Trust Emerging Markets Local Currency Bond ETF by 0.9% in the 4th 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 during the period. Raymond James Financial Inc. acquired a new position in First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter valued at approximately $2,538,000. EWG Elevate Inc. increased its position in First Trust Emerging Markets Local Currency Bond ETF by 4.9% in the 4th 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 period. Finally, Flow Traders U.S. LLC increased its position in First Trust Emerging Markets Local Currency Bond ETF by 501.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 60,160 shares of the company’s stock valued at $1,743,000 after acquiring an additional 50,160 shares during the period.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of NASDAQ FEMB opened at $27.23 on Thursday. First Trust Emerging Markets Local Currency Bond ETF has a 52-week low of $25.60 and a 52-week high of $30.11. The firm has a 50 day moving average price of $26.67 and a two-hundred day moving average price of $27.28.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.1325 dividend. This represents a $1.59 annualized dividend and a yield of 5.84%. The ex-dividend date of this dividend was 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.