First Trust Managed Municipal ETF $FMB Shares Newly Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,289 shares of the company’s stock, valued at approximately $1,593,000.

A number of other large investors also recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of First Trust Managed Municipal ETF by 12.2% during the first quarter. Bank of America Corp DE now owns 2,046,794 shares of the company’s stock worth $103,691,000 after acquiring an additional 221,955 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in First Trust Managed Municipal ETF by 16.1% in the second quarter. NewEdge Advisors LLC now owns 497,684 shares of the company’s stock valued at $25,565,000 after acquiring an additional 68,875 shares during the last quarter. Cetera Investment Advisers boosted its holdings in First Trust Managed Municipal ETF by 2.1% in the first quarter. Cetera Investment Advisers now owns 418,100 shares of the company’s stock valued at $21,181,000 after acquiring an additional 8,583 shares during the last quarter. Envestnet Asset Management Inc. increased its position in First Trust Managed Municipal ETF by 6.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 345,208 shares of the company’s stock valued at $17,732,000 after purchasing an additional 21,260 shares during the period. Finally, First Heartland Consultants Inc. acquired a new stake in First Trust Managed Municipal ETF during the 3rd quarter valued at approximately $8,478,000.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $49.42 on Monday. The firm’s 50-day moving average price is $48.92 and its 200-day moving average price is $50.59. First Trust Managed Municipal ETF has a 1-year low of $47.38 and a 1-year high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were issued a dividend of $0.1590 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $1.91 dividend on an annualized basis and a yield of 3.9%.

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.