Armis Advisers LLC Invests $484,000 in First Trust Managed Municipal ETF (NASDAQ:FMB)

Armis Advisers LLC acquired a new stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,491 shares of the company’s stock, valued at approximately $484,000.

Other hedge funds also recently added to or reduced their stakes in the company. Tucker Asset Management LLC boosted its position in shares of First Trust Managed Municipal ETF by 933.3% in the 4th quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock worth $30,000 after buying an additional 532 shares in the last quarter. Duncker Streett & Co. Inc. purchased a new stake in First Trust Managed Municipal ETF in the 4th quarter valued at approximately $108,000. Fifth Third Bancorp increased its position in First Trust Managed Municipal ETF by 177.8% during the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after buying an additional 1,778 shares in the last quarter. Triumph Capital Management purchased a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter valued at $214,000. Finally, Coppell Advisory Solutions LLC grew its holdings in shares of First Trust Managed Municipal ETF by 428.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 4,361 shares of the company’s stock worth $223,000 after buying an additional 3,535 shares in the last quarter.

First Trust Managed Municipal ETF Trading Up 0.2%

First Trust Managed Municipal ETF stock opened at $49.52 on Monday. The stock has a fifty day moving average price of $49.91 and a 200 day moving average price of $50.74. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.142 per share. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. This represents a $1.70 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Wednesday, May 21st.

First Trust Managed Municipal ETF Company Profile

The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure. FMB was launched on May 13, 2014 and is managed by First Trust.