Means Investment CO. Inc. lessened its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB – Get Rating ) by 15.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,361 shares of the company’s stock after selling 3,936 shares during the period. Means Investment CO. Inc. owned approximately 0.06% of First Trust Managed Municipal ETF worth $1,070,000 at the end of the most recent reporting period.
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Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FMB. Private Trust Co. NA acquired a new stake in shares of First Trust Managed Municipal ETF in the second quarter valued at approximately $725,000. Stock Yards Bank & Trust Co. bought a new stake in shares of First Trust Managed Municipal ETF in the second quarter valued at $4,804,000. Stratos Wealth Advisors LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 5.3% during the fourth quarter. Stratos Wealth Advisors LLC now owns 48,565 shares of the company’s stock valued at $2,434,000 after purchasing an additional 2,461 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of First Trust Managed Municipal ETF by 5.2% during the third quarter. Private Advisor Group LLC now owns 176,245 shares of the company’s stock valued at $8,587,000 after acquiring an additional 8,686 shares in the last quarter. Finally, Brinker Capital Investments LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at $1,514,000.
Price performance of the First Trust Managed Municipal ETF
FMB traded up $0.17 on Friday, reaching $51.30. The stock had a trading volume of 240,628 shares, compared to its average volume of 250,708. First Trust Managed Municipal ETF has a fifty-two week low of $48.07 and a fifty-two week high of $52.83. The firm has a 50-day moving average of $50.78 and a 200-day moving average of $50.16.
First Trust Managed Municipal ETF Increases Dividend
The business also recently disclosed a monthly dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 27th were given a $0.13 dividend. This represents an annualized dividend of $1.56 and a yield of 3.04%. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Friday, March 24th.
First Trust Managed Municipal ETF Company Profile
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The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that invests primarily in the fixed income investment class. The Fund is an actively managed fund that invests primarily in investment grade municipal bonds with some high yield exposure. FMB was launched on 13 May 2014 and is managed by First Trust.
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