First Trust Managed Municipal ETF $FMB Shares Acquired by Bank of America Corp DE

Bank of America Corp DE increased its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 12.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,046,794 shares of the company’s stock after purchasing an additional 221,955 shares during the quarter. Bank of America Corp DE owned approximately 5.20% of First Trust Managed Municipal ETF worth $103,691,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in shares of First Trust Managed Municipal ETF by 8.5% in the fourth quarter. LPL Financial LLC now owns 2,308,525 shares of the company’s stock valued at $118,046,000 after purchasing an additional 181,458 shares during the last quarter. UBS Group AG grew its holdings in First Trust Managed Municipal ETF by 2.1% in the 4th quarter. UBS Group AG now owns 1,836,968 shares of the company’s stock valued at $93,933,000 after buying an additional 38,553 shares in the last quarter. Raymond James Financial Inc. grew its holdings in First Trust Managed Municipal ETF by 2.9% in the 2nd quarter. Raymond James Financial Inc. now owns 1,191,423 shares of the company’s stock valued at $59,357,000 after buying an additional 34,126 shares in the last quarter. Composition Wealth LLC increased its stake in shares of First Trust Managed Municipal ETF by 8.7% in the 4th quarter. Composition Wealth LLC now owns 1,163,045 shares of the company’s stock worth $59,472,000 after acquiring an additional 92,945 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of First Trust Managed Municipal ETF by 11.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 468,362 shares of the company’s stock worth $23,727,000 after acquiring an additional 47,710 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $50.61 on Friday. The company has a 50 day simple moving average of $51.04 and a 200-day simple moving average of $51.18. First Trust Managed Municipal ETF has a 1 year low of $49.49 and a 1 year high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were given a $0.157 dividend. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 3.7%.

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.