NI Acquisitions Company LLC Acquires Shares of 32,533 First Trust Bloomberg Emerging Market Democracies ETF $EMDM

NI Acquisitions Company LLC acquired a new stake in First Trust Bloomberg Emerging Market Democracies ETF (NYSEARCA:EMDM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 32,533 shares of the company’s stock, valued at approximately $1,406,000. First Trust Bloomberg Emerging Market Democracies ETF accounts for about 0.5% of NI Acquisitions Company LLC’s holdings, making the stock its 20th biggest position. NI Acquisitions Company LLC owned 3.42% of First Trust Bloomberg Emerging Market Democracies ETF as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Naples Global Advisors LLC grew its holdings in First Trust Bloomberg Emerging Market Democracies ETF by 3.1% during the fourth quarter. Naples Global Advisors LLC now owns 56,601 shares of the company’s stock worth $1,774,000 after acquiring an additional 1,710 shares during the period. GeoWealth Management LLC purchased a new position in First Trust Bloomberg Emerging Market Democracies ETF during the fourth quarter valued at approximately $862,000. Finally, Compass Financial Management LLC acquired a new position in First Trust Bloomberg Emerging Market Democracies ETF in the second quarter valued at approximately $2,853,000.

First Trust Bloomberg Emerging Market Democracies ETF Trading Up 1.2%

First Trust Bloomberg Emerging Market Democracies ETF stock opened at $43.26 on Friday. The firm has a market cap of $41.10 million, a PE ratio of 12.05 and a beta of 0.88. First Trust Bloomberg Emerging Market Democracies ETF has a 12 month low of $26.19 and a 12 month high of $45.03. The stock’s 50 day simple moving average is $41.16 and its two-hundred day simple moving average is $39.94.

First Trust Bloomberg Emerging Market Democracies ETF Company Profile

The First Trust Exchange-Traded Fun (EMDM) is an exchange-traded fund that mostly invests in total market equity. The fund follows a principles-based index of large- and mid-cap companies located in emerging market countries considered to have electoral democracy. Holdings are weighted based on a combination of governance score and market capitalization. EMDM was launched on Mar 2, 2023 and is managed by First Trust.