Oppenheimer & Co. Inc. Lowers Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Oppenheimer & Co. Inc. trimmed its stake in First Trust Managed Municipal ETF (NASDAQ:FMB – Get Rating) by 51.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,533 shares of the company’s stock after selling 7,897 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in First Trust Managed Municipal ETF were worth $367,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA purchased a new stake in First Trust Managed Municipal ETF in the first quarter valued at approximately $26,000. Assetmark Inc. lifted its position in First Trust Managed Municipal ETF by 60,900.0% during the second quarter. Assetmark Inc. now owns 610 shares of the company’s stock valued at $31,000 after buying an additional 609 shares in the last quarter. Carmichael Hill & Associates Inc. lifted its position in First Trust Managed Municipal ETF by 35.0% during the second quarter. Carmichael Hill & Associates Inc. now owns 972 shares of the company’s stock valued at $49,000 after buying an additional 252 shares in the last quarter. Gradient Investments LLC acquired a new position in First Trust Managed Municipal ETF during the third quarter valued at approximately $73,000. Finally, Ten Capital Wealth Advisors LLC acquired a new position in First Trust Managed Municipal ETF during the third quarter valued at approximately $83,000.

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First Trust Managed Municipal ETF Stock Down 0.3 %

Shares of FMB stock opened at $50.21 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $48.07 and a fifty-two week high of $55.01. The firm’s 50 day moving average price is $50.85 and its two-hundred day moving average price is $50.19.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Thursday, February 23rd will be given a dividend of $0.128 per share. This represents a $1.54 dividend on an annualized basis and a yield of 3.06%. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Wednesday, February 22nd.

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