First Trust Managed Municipal ETF $FMB Shares Newly Bought by Sigma Planning Corp

Sigma Planning Corp purchased a new position in First Trust Managed Municipal ETF (NASDAQ:FMB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 36,464 shares of the company’s stock, valued at approximately $1,747,000. Sigma Planning Corp owned approximately 0.09% of First Trust Managed Municipal ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FMB. Kintra Wealth LLC boosted its holdings in First Trust Managed Municipal ETF by 1.2% during the second quarter. Kintra Wealth LLC now owns 18,958 shares of the company’s stock valued at $962,000 after purchasing an additional 216 shares in the last quarter. Waverly Advisors LLC raised its holdings in shares of First Trust Managed Municipal ETF by 0.4% in the 2nd quarter. Waverly Advisors LLC now owns 63,752 shares of the company’s stock worth $3,275,000 after buying an additional 233 shares in the last quarter. World Investment Advisors raised its holdings in shares of First Trust Managed Municipal ETF by 3.7% in the 1st quarter. World Investment Advisors now owns 8,410 shares of the company’s stock worth $426,000 after buying an additional 302 shares in the last quarter. Heck Capital Advisors LLC raised its holdings in shares of First Trust Managed Municipal ETF by 0.8% in the 2nd quarter. Heck Capital Advisors LLC now owns 42,983 shares of the company’s stock worth $2,208,000 after buying an additional 320 shares in the last quarter. Finally, Triumph Capital Management raised its holdings in shares of First Trust Managed Municipal ETF by 4.4% in the 3rd quarter. Triumph Capital Management now owns 11,844 shares of the company’s stock worth $567,000 after buying an additional 500 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

First Trust Managed Municipal ETF stock opened at $49.17 on Thursday. First Trust Managed Municipal ETF has a one year low of $47.38 and a one year high of $52.03. The business has a 50 day simple moving average of $48.97 and a 200 day simple moving average of $50.61.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st will be given a $0.1590 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, October 21st.

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.