Old Mission Investment Co LLC Buys Shares of 10,079 First Trust Managed Municipal ETF $FMB

Old Mission Investment Co LLC purchased a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) during the second quarter, Holdings Channel.com reports. The fund purchased 10,079 shares of the company’s stock, valued at approximately $518,000.

Several other hedge funds have also made changes to their positions in FMB. Continuum Advisory LLC purchased a new position in shares of First Trust Managed Municipal ETF in the second quarter valued at approximately $29,000. Frazier Financial Advisors LLC purchased a new stake in First Trust Managed Municipal ETF during the 1st quarter worth approximately $31,000. PNC Financial Services Group Inc. purchased a new stake in First Trust Managed Municipal ETF during the 3rd quarter worth approximately $51,000. Ascentis Independent Advisors acquired a new stake in First Trust Managed Municipal ETF during the 1st quarter worth approximately $53,000. Finally, Tucker Asset Management LLC acquired a new stake in First Trust Managed Municipal ETF during the 4th quarter worth approximately $54,000.

First Trust Managed Municipal ETF Price Performance

Shares of FMB stock opened at $49.65 on Friday. First Trust Managed Municipal ETF has a 52 week low of $49.61 and a 52 week high of $52.03. The firm has a 50 day moving average of $50.61 and a two-hundred day moving average of $51.00.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were paid a $0.158 dividend. The ex-dividend date was Friday, August 21st. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16. This represents a c) annualized dividend and a dividend yield of 3.8%.

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.