Waverly Advisors LLC Acquires 16,467 Shares of First Trust Managed Municipal ETF $FMB

Waverly Advisors LLC boosted its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 35.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,519 shares of the company’s stock after buying an additional 16,467 shares during the quarter. Waverly Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $3,218,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. First Trust Advisors LP boosted its holdings in shares of First Trust Managed Municipal ETF by 1.7% during the 3rd quarter. First Trust Advisors LP now owns 13,099 shares of the company’s stock valued at $664,000 after acquiring an additional 220 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of First Trust Managed Municipal ETF by 0.9% during the second quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock valued at $1,544,000 after purchasing an additional 266 shares during the last quarter. Forum Private Client Group LLC lifted its position in First Trust Managed Municipal ETF by 2.2% during the fourth quarter. Forum Private Client Group LLC now owns 12,387 shares of the company’s stock valued at $633,000 after purchasing an additional 272 shares during the period. Great Valley Advisor Group Inc. lifted its position in First Trust Managed Municipal ETF by 1.4% during the second quarter. Great Valley Advisor Group Inc. now owns 19,317 shares of the company’s stock valued at $962,000 after purchasing an additional 275 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in First Trust Managed Municipal ETF by 9.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,341 shares of the company’s stock worth $171,000 after purchasing an additional 289 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB stock opened at $50.39 on Thursday. First Trust Managed Municipal ETF has a 12-month low of $49.36 and a 12-month high of $52.03. The firm’s 50 day moving average is $51.10 and its 200 day moving average is $51.23.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be 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 of this dividend is Tuesday, July 21st.

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.