First Trust Managed Municipal ETF $FMB Shares Bought by ABLE Financial Group LLC

ABLE Financial Group LLC grew its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 21.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,541 shares of the company’s stock after buying an additional 13,712 shares during the quarter. ABLE Financial Group LLC’s holdings in First Trust Managed Municipal ETF were worth $3,759,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Friday Financial increased its stake in shares of First Trust Managed Municipal ETF by 4.2% in the third quarter. Friday Financial now owns 37,373 shares of the company’s stock worth $1,800,000 after buying an additional 1,519 shares during the last quarter. Insight Wealth Strategies LLC raised its stake in First Trust Managed Municipal ETF by 3.4% during the third quarter. Insight Wealth Strategies LLC now owns 28,905 shares of the company’s stock valued at $1,383,000 after buying an additional 963 shares in the last quarter. First Heartland Consultants Inc. bought a new position in First Trust Managed Municipal ETF during the 3rd quarter worth approximately $8,478,000. Financial Enhancement Group LLC lifted its holdings in First Trust Managed Municipal ETF by 14.7% during the 3rd quarter. Financial Enhancement Group LLC now owns 10,095 shares of the company’s stock worth $482,000 after buying an additional 1,297 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in First Trust Managed Municipal ETF by 11.9% during the 3rd quarter. CoreCap Advisors LLC now owns 8,826 shares of the company’s stock worth $422,000 after buying an additional 940 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of FMB traded down $0.10 during mid-day trading on Wednesday, hitting $48.23. The stock had a trading volume of 215,674 shares, compared to its average volume of 210,311. First Trust Managed Municipal ETF has a fifty-two week low of $47.38 and a fifty-two week high of $52.03. The company’s fifty day simple moving average is $49.33 and its two-hundred day simple moving average is $50.43.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.1590 dividend. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.1580. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.91 annualized dividend and a dividend yield of 4.0%.

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.