Truist Financial Corp Has $21.26 Million Position in First Trust Managed Municipal ETF $FMB

Truist Financial Corp raised its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 12.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 419,359 shares of the company’s stock after purchasing an additional 47,919 shares during the quarter. Truist Financial Corp’s holdings in First Trust Managed Municipal ETF were worth $21,262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EPG Wealth Management LLC increased its stake in shares of First Trust Managed Municipal ETF by 19.6% in the third quarter. EPG Wealth Management LLC now owns 19,124 shares of the company’s stock valued at $970,000 after buying an additional 3,130 shares during the period. Saxon Interests Inc. grew its holdings in First Trust Managed Municipal ETF by 52.0% during the 3rd quarter. Saxon Interests Inc. now owns 14,961 shares of the company’s stock worth $745,000 after acquiring an additional 5,116 shares during the last quarter. Avantax Planning Partners Inc. grew its holdings in First Trust Managed Municipal ETF by 7.6% during the 3rd quarter. Avantax Planning Partners Inc. now owns 899,949 shares of the company’s stock worth $45,629,000 after acquiring an additional 63,619 shares during the last quarter. Sovran Advisors LLC increased its position in First Trust Managed Municipal ETF by 6.8% in the 3rd quarter. Sovran Advisors LLC now owns 8,767 shares of the company’s stock valued at $449,000 after acquiring an additional 560 shares during the period. Finally, Owen LaRue LLC bought a new position in shares of First Trust Managed Municipal ETF during the third quarter valued at $244,000.

First Trust Managed Municipal ETF Trading Up 0.1%

Shares of NASDAQ:FMB opened at $51.42 on Friday. First Trust Managed Municipal ETF has a 52 week low of $48.19 and a 52 week high of $51.54. The firm’s fifty day moving average is $51.20 and its 200-day moving average is $50.71.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were issued a dividend of $0.154 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, January 21st. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15.

First Trust Managed Municipal ETF 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.