True Blue Financial LLC Boosts Holdings in First Trust Managed Municipal ETF $FMB

True Blue Financial LLC grew its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 269,428 shares of the company’s stock after buying an additional 21,459 shares during the quarter. First Trust Managed Municipal ETF makes up approximately 10.8% of True Blue Financial LLC’s investment portfolio, making the stock its largest holding. True Blue Financial LLC’s holdings in First Trust Managed Municipal ETF were worth $13,649,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ameriflex Group Inc. bought a new position in First Trust Managed Municipal ETF in the 3rd quarter worth approximately $40,000. PNC Financial Services Group Inc. bought a new stake in First Trust Managed Municipal ETF during the 3rd quarter valued at $51,000. Tucker Asset Management LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth $54,000. Hazlett Burt & Watson Inc. lifted its position in shares of First Trust Managed Municipal ETF by 38.9% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,250 shares of the company’s stock worth $64,000 after acquiring an additional 350 shares in the last quarter. Finally, Basepoint Wealth LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth $105,000.

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock opened at $51.37 on Thursday. First Trust Managed Municipal ETF has a one year low of $49.28 and a one year high of $52.03. The business has a fifty day moving average price of $51.15 and a 200-day moving average price of $51.25.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.157 per share. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 3.7%.

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.