Osaic Holdings Inc. Has $3.98 Million Position in First Trust Emerging Markets Local Currency Bond ETF $FEMB

Osaic Holdings Inc. grew its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 1,318.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,952 shares of the company’s stock after buying an additional 128,225 shares during the quarter. Osaic Holdings Inc. owned approximately 1.86% of First Trust Emerging Markets Local Currency Bond ETF worth $3,984,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. First Trust Advisors LP raised its holdings in First Trust Emerging Markets Local Currency Bond ETF by 399.2% during the second quarter. First Trust Advisors LP now owns 217,192 shares of the company’s stock worth $6,273,000 after acquiring an additional 173,687 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in First Trust Emerging Markets Local Currency Bond ETF in the second quarter valued at approximately $4,825,000. Envestnet Asset Management Inc. increased its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 242.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 109,196 shares of the company’s stock worth $3,154,000 after purchasing an additional 77,349 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 466.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 72,667 shares of the company’s stock worth $2,099,000 after purchasing an additional 59,842 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the 2nd quarter worth approximately $1,516,000.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

NASDAQ:FEMB opened at $29.85 on Thursday. First Trust Emerging Markets Local Currency Bond ETF has a 1-year low of $25.60 and a 1-year high of $30.00. The firm has a fifty day simple moving average of $29.53 and a 200 day simple moving average of $29.17.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be given a $0.1425 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, December 12th.

First Trust Emerging Markets Local Currency Bond ETF 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. FEMB was launched on Nov 4, 2014 and is managed by First Trust.