Comerica Bank Purchases 809 Shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Comerica Bank raised its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 12.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,203 shares of the company’s stock after acquiring an additional 809 shares during the quarter. Comerica Bank owned approximately 0.13% of First Trust Emerging Markets Local Currency Bond ETF worth $203,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FEMB. Truist Financial Corp lifted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 38.3% in the 4th quarter. Truist Financial Corp now owns 355,773 shares of the company’s stock worth $10,364,000 after purchasing an additional 98,504 shares in the last quarter. Bridge Advisory LLC bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the first quarter worth $2,265,000. Private Advisor Group LLC bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the first quarter worth $1,153,000. Wells Fargo & Company MN boosted its position in shares of 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 during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 38.9% during the first quarter. Concurrent Investment Advisors LLC now owns 90,184 shares of the company’s stock worth $2,540,000 after acquiring an additional 25,234 shares during the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of NASDAQ:FEMB opened at $28.33 on Friday. The firm has a fifty day moving average price of $27.52 and a 200 day moving average price of $27.87. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $25.91 and a fifty-two week high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd were given a dividend of $0.132 per share. The ex-dividend date was Tuesday, July 23rd. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.59%.

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.