First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) to Issue Monthly Dividend of $0.17

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) announced a monthly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be paid a dividend of 0.165 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Thursday, June 25th.

First Trust Emerging Markets Local Currency Bond ETF Trading Down 0.5%

Shares of FEMB traded down $0.16 during midday trading on Thursday, hitting $29.10. The company’s stock had a trading volume of 32,170 shares, compared to its average volume of 130,719. First Trust Emerging Markets Local Currency Bond ETF has a one year low of $28.18 and a one year high of $31.55. The company’s fifty day simple moving average is $29.45 and its two-hundred day simple moving average is $29.73.

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. FEMB was launched on Nov 4, 2014 and is managed by First Trust.