First Trust Managed Municipal ETF $FMB Stake Lifted by Foster & Motley Inc.

Foster & Motley Inc. raised its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 41.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 81,625 shares of the company’s stock after buying an additional 24,014 shares during the quarter. Foster & Motley Inc.’s holdings in First Trust Managed Municipal ETF were worth $4,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Miracle Mile Advisors LLC increased its holdings in shares of First Trust Managed Municipal ETF by 50.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,070,100 shares of the company’s stock worth $54,256,000 after acquiring an additional 358,121 shares during the period. Jane Street Group LLC grew its position in First Trust Managed Municipal ETF by 2,668.1% in the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock worth $9,557,000 after purchasing an additional 182,683 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in First Trust Managed Municipal ETF by 37.0% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 255,039 shares of the company’s stock worth $12,706,000 after purchasing an additional 68,909 shares during the last quarter. Dohj LLC increased its stake in shares of First Trust Managed Municipal ETF by 396.1% in the second quarter. Dohj LLC now owns 85,286 shares of the company’s stock valued at $4,214,000 after purchasing an additional 68,096 shares during the period. Finally, Truist Financial Corp raised its holdings in shares of First Trust Managed Municipal ETF by 13.6% during the second quarter. Truist Financial Corp now owns 371,440 shares of the company’s stock valued at $18,505,000 after buying an additional 44,362 shares during the last quarter.

First Trust Managed Municipal ETF Stock Up 0.3%

FMB opened at $51.38 on Thursday. The business’s 50 day moving average is $51.15 and its 200-day moving average is $50.54. First Trust Managed Municipal ETF has a twelve month low of $48.19 and a twelve month high of $51.47.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.147 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 3.4%.

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.