Redhawk Wealth Advisors Inc. Invests $10.17 Million in First Trust Emerging Markets Local Currency Bond ETF $FEMB

Redhawk Wealth Advisors Inc. purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB – Free Report) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 346,702 shares of the company’s stock, valued at approximately $10,172,000. First Trust Emerging Markets Local Currency Bond ETF comprises about 1.2% of Redhawk Wealth Advisors Inc.’s holdings, making the stock its 17th biggest position.

A number of other large investors also recently bought and sold shares of FEMB. Raleigh Capital Management Inc. increased its stake in First Trust Emerging Markets Local Currency Bond ETF by 80.2% in the second quarter. Raleigh Capital Management Inc. now owns 1,054 shares of the company’s stock worth $30,000 after purchasing an additional 469 shares during the period. Ameritas Advisory Services LLC purchased a new position in First Trust Emerging Markets Local Currency Bond ETF in the 2nd quarter worth about $121,000. AE Wealth Management LLC lifted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 1,680.5% during the 2nd quarter. AE Wealth Management LLC now owns 4,932 shares of the company’s stock valued at $142,000 after buying an additional 4,655 shares in the last quarter. Milestones Private Investment Advisors LLC purchased a new stake in First Trust Emerging Markets Local Currency Bond ETF in the 2nd quarter valued at about $237,000. Finally, Perigon Wealth Management LLC bought a new position in First Trust Emerging Markets Local Currency Bond ETF in the 2nd quarter worth about $243,000.

First Trust Emerging Markets Local Currency Bond ETF Stock Up 0.0%

Shares of NASDAQ:FEMB opened at $29.53 on Friday. The firm’s 50 day simple moving average is $29.49 and its 200-day simple moving average is $29.12. First Trust Emerging Markets Local Currency Bond ETF has a one year low of $25.60 and a one year high of $30.00.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a dividend of $0.1425 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a c) dividend on an annualized basis and a yield of 5.8%.

First Trust Emerging Markets Local Currency Bond ETF Profile

(Free Report)

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.

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