NewEdge Advisors LLC Boosts Position in First Trust Managed Municipal ETF $FMB

NewEdge Advisors LLC raised its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 5.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 428,809 shares of the company’s stock after acquiring an additional 22,968 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $21,723,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Frazier Financial Advisors LLC purchased a new position in shares of First Trust Managed Municipal ETF in the 1st quarter valued at $31,000. PNC Financial Services Group Inc. purchased a new stake in First Trust Managed Municipal ETF during the 3rd quarter worth $51,000. Ascentis Independent Advisors purchased a new stake in First Trust Managed Municipal ETF during the 1st quarter worth $53,000. Tucker Asset Management LLC acquired a new stake in First Trust Managed Municipal ETF in the 4th quarter valued at $54,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in First Trust Managed Municipal ETF by 38.9% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,250 shares of the company’s stock valued at $64,000 after purchasing an additional 350 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

NASDAQ:FMB opened at $50.61 on Friday. The business’s 50-day moving average is $51.04 and its two-hundred day moving average is $51.18. First Trust Managed Municipal ETF has a 12 month low of $49.49 and a 12 month 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. Investors of record on Tuesday, July 21st were issued a dividend of $0.157 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Tuesday, July 21st.

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.