Janney Montgomery Scott LLC Buys 7,090 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Janney Montgomery Scott LLC grew its stake in First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) by 4.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,181 shares of the company’s stock after purchasing an additional 7,090 shares during the period. Janney Montgomery Scott LLC owned approximately 0.44% of First Trust Managed Municipal ETF worth $8,312,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FMB. BNP Paribas Arbitrage SA bought a new stake in shares of First Trust Managed Municipal ETF during the 1st quarter worth approximately $26,000. IAG Wealth Partners LLC bought a new stake in First Trust Managed Municipal ETF during the 1st quarter valued at $31,000. AdvisorNet Financial Inc raised its position in First Trust Managed Municipal ETF by 376.0% during the 4th quarter. AdvisorNet Financial Inc now owns 714 shares of the company’s stock valued at $36,000 after purchasing an additional 564 shares in the last quarter. Harbor Investment Advisory LLC bought a new stake in First Trust Managed Municipal ETF during the 1st quarter valued at $38,000. Finally, Washington Trust Advisors Inc. raised its position in First Trust Managed Municipal ETF by 29.3% during the 4th quarter. Washington Trust Advisors Inc. now owns 1,609 shares of the company’s stock valued at $64,000 after purchasing an additional 365 shares in the last quarter.

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First Trust Managed Municipal ETF Stock Down 0.2 %

Shares of NASDAQ FMB opened at $50.84 on Friday. The business has a fifty day simple moving average of $50.52 and a two-hundred day simple moving average of $50.74. First Trust Managed Municipal ETF has a twelve month low of $48.07 and a twelve month high of $52.00.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 24th will be issued a $0.1275 dividend. The ex-dividend date is Friday, July 21st. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.01%.

First Trust Managed Municipal ETF Company Profile

(Free Report)

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.

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