Oppenheimer & Co. Inc. Increases Holdings in First Trust Managed Municipal ETF $FMB

Oppenheimer & Co. Inc. lifted its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 201.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,584 shares of the company’s stock after acquiring an additional 15,086 shares during the period. Oppenheimer & Co. Inc. owned 0.06% of First Trust Managed Municipal ETF worth $1,155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. UBS Group AG boosted its stake in First Trust Managed Municipal ETF by 2.1% in the 4th quarter. UBS Group AG now owns 1,836,968 shares of the company’s stock worth $93,933,000 after purchasing an additional 38,553 shares during the period. Raymond James Financial Inc. raised its position in shares of First Trust Managed Municipal ETF by 2.9% during the second quarter. Raymond James Financial Inc. now owns 1,191,423 shares of the company’s stock valued at $59,357,000 after buying an additional 34,126 shares during the last quarter. Avantax Planning Partners Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 7.6% in the third quarter. Avantax Planning Partners Inc. now owns 899,949 shares of the company’s stock worth $45,629,000 after buying an additional 63,619 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 0.8% in the third quarter. OneDigital Investment Advisors LLC now owns 558,418 shares of the company’s stock worth $28,313,000 after buying an additional 4,499 shares in the last quarter. Finally, Truist Financial Corp boosted its position in shares of First Trust Managed Municipal ETF by 12.9% during the third quarter. Truist Financial Corp now owns 419,359 shares of the company’s stock worth $21,262,000 after acquiring an additional 47,919 shares during the last quarter.

First Trust Managed Municipal ETF Stock Up 0.2%

FMB opened at $51.19 on Thursday. The company has a fifty day moving average of $51.20 and a 200 day moving average of $51.26. First Trust Managed Municipal ETF has a fifty-two week low of $49.28 and a fifty-two week high of $52.03.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were issued a dividend of $0.156 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, April 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.