369,225 Shares of First Trust Managed Municipal ETF $FMB Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC purchased a new stake in First Trust Managed Municipal ETF (NASDAQ:FMB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 369,225 shares of the company’s stock, valued at approximately $17,671,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of First Trust Managed Municipal ETF by 12.2% in the first quarter. Bank of America Corp DE now owns 2,046,794 shares of the company’s stock worth $103,691,000 after buying an additional 221,955 shares in the last quarter. NewEdge Advisors LLC boosted its position in First Trust Managed Municipal ETF by 16.1% during the second quarter. NewEdge Advisors LLC now owns 497,684 shares of the company’s stock valued at $25,565,000 after buying an additional 68,875 shares during the period. Cetera Investment Advisers grew its position in First Trust Managed Municipal ETF by 2.1% during the 1st quarter. Cetera Investment Advisers now owns 418,100 shares of the company’s stock worth $21,181,000 after acquiring an additional 8,583 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of First Trust Managed Municipal ETF by 6.6% in the second quarter. Envestnet Asset Management Inc. now owns 345,208 shares of the company’s stock worth $17,732,000 after buying an additional 21,260 shares during the period. Finally, XML Financial LLC purchased a new stake in First Trust Managed Municipal ETF during the 3rd quarter valued at $10,182,000.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $49.85 on Wednesday. First Trust Managed Municipal ETF has a 1 year low of $47.38 and a 1 year high of $52.03. The business’s 50-day moving average is $48.87 and its 200 day moving average is $50.53.

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 $0.1590 dividend. This represents a $1.91 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was 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.