Envestnet Asset Management Inc. lessened its position in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 33.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,324 shares of the company’s stock after selling 6,820 shares during the period. Envestnet Asset Management Inc. owned 0.36% of First Trust Emerging Markets Local Currency Bond ETF worth $507,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FEMB. Morgan Stanley increased its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 51.7% in the second quarter. Morgan Stanley now owns 567,193 shares of the company’s stock valued at $21,968,000 after buying an additional 193,203 shares during the period. Hanlon Investment Management Inc. increased its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 7.2% in the second quarter. Hanlon Investment Management Inc. now owns 91,220 shares of the company’s stock valued at $3,533,000 after buying an additional 6,130 shares during the period. Wells Fargo & Company MN increased its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 37.9% in the second quarter. Wells Fargo & Company MN now owns 84,919 shares of the company’s stock valued at $3,289,000 after buying an additional 23,326 shares during the period. LPL Financial LLC increased its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 83.4% in the second quarter. LPL Financial LLC now owns 82,600 shares of the company’s stock valued at $3,199,000 after buying an additional 37,561 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 34.0% in the second quarter. Bank of America Corp DE now owns 35,058 shares of the company’s stock valued at $1,358,000 after buying an additional 8,899 shares during the period.

NASDAQ FEMB traded down $0.17 during trading hours on Wednesday, hitting $38.24. 10,600 shares of the company’s stock were exchanged, compared to its average volume of 25,139. The stock has a 50-day simple moving average of $38.48 and a 200 day simple moving average of $38.32. First Trust Emerging Markets Local Currency Bond ETF has a 1-year low of $35.99 and a 1-year high of $40.47.

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Institutional Ownership by Quarter for First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

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