27,905 Shares in First Trust Managed Municipal ETF $FMB Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. acquired a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 27,905 shares of the company’s stock, valued at approximately $1,415,000. Vestmark Advisory Solutions Inc. owned 0.07% of First Trust Managed Municipal ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Total Investment Management Inc. acquired a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth $27,000. Evolution Wealth Management Inc. bought a new position in First Trust Managed Municipal ETF in the 2nd quarter valued at about $27,000. Hazlett Burt & Watson Inc. acquired a new position in shares of First Trust Managed Municipal ETF in the 3rd quarter valued at approximately $45,000. PNC Financial Services Group Inc. acquired a new position in shares of First Trust Managed Municipal ETF in the 3rd quarter valued at approximately $51,000. Finally, Fifth Third Bancorp lifted its holdings in shares of First Trust Managed Municipal ETF by 39.1% during the 3rd quarter. Fifth Third Bancorp now owns 2,474 shares of the company’s stock worth $125,000 after acquiring an additional 696 shares during the period.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ:FMB opened at $51.91 on Thursday. The company’s 50 day simple moving average is $51.44 and its 200 day simple moving average is $51.00. First Trust Managed Municipal ETF has a 1 year low of $48.19 and a 1 year high of $51.93.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a $0.155 dividend. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, February 20th. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15.

About First Trust Managed Municipal ETF

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.