XML Financial LLC Acquires 212,746 Shares of First Trust Managed Municipal ETF $FMB

XML Financial LLC acquired a new stake in First Trust Managed Municipal ETF (NASDAQ:FMB) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 212,746 shares of the company’s stock, valued at approximately $10,182,000. XML Financial LLC owned 0.54% of First Trust Managed Municipal ETF at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Vise Technologies Inc. raised its stake in shares of First Trust Managed Municipal ETF by 16.9% during the 3rd quarter. Vise Technologies Inc. now owns 198,683 shares of the company’s stock worth $9,509,000 after purchasing an additional 28,790 shares during the period. Coyle Financial Counsel LLC grew its position in First Trust Managed Municipal ETF by 19.8% during the third quarter. Coyle Financial Counsel LLC now owns 7,433 shares of the company’s stock valued at $356,000 after buying an additional 1,229 shares during the period. MGO One Seven LLC grew its position in First Trust Managed Municipal ETF by 10.1% during the third quarter. MGO One Seven LLC now owns 110,305 shares of the company’s stock valued at $5,279,000 after buying an additional 10,128 shares during the period. Avestar Capital LLC increased its holdings in First Trust Managed Municipal ETF by 63.7% during the third quarter. Avestar Capital LLC now owns 21,279 shares of the company’s stock worth $1,018,000 after buying an additional 8,283 shares during the last quarter. Finally, ERn Financial LLC increased its holdings in First Trust Managed Municipal ETF by 4.3% during the third quarter. ERn Financial LLC now owns 159,274 shares of the company’s stock worth $7,623,000 after buying an additional 6,505 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of FMB stock opened at $49.42 on Tuesday. First Trust Managed Municipal ETF has a 52 week low of $47.38 and a 52 week high of $52.03. The firm’s 50-day simple moving average is $48.91 and its two-hundred day simple moving average is $50.58.

First Trust Managed Municipal ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were given a dividend of $0.1590 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Wednesday, October 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.