Usca Ria LLC Has $1.59 Million Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

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Usca Ria LLC lifted its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 28,993 shares of the company’s stock after buying an additional 2,287 shares during the quarter. Usca Ria LLC’s holdings in First Trust Managed Municipal ETF were worth $1,588,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FMB. CWM LLC acquired a new position in shares of First Trust Managed Municipal ETF in the 1st quarter worth approximately $28,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of First Trust Managed Municipal ETF in the 1st quarter worth approximately $110,000. Greenwich Investment Management Inc. acquired a new position in shares of First Trust Managed Municipal ETF in the 2nd quarter worth approximately $205,000. Camelot Portfolios LLC acquired a new position in shares of First Trust Managed Municipal ETF in the 1st quarter worth approximately $224,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of First Trust Managed Municipal ETF in the 1st quarter worth approximately $239,000.

Shares of FMB traded down $0.08 during mid-day trading on Friday, reaching $56.12. The company had a trading volume of 83,200 shares, compared to its average volume of 119,269. First Trust Managed Municipal ETF has a twelve month low of $51.51 and a twelve month high of $56.22. The company’s 50-day moving average is $55.18 and its 200-day moving average is $54.18.

The business also recently announced a monthly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 24th were issued a $0.117 dividend. The ex-dividend date was Tuesday, July 23rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.50%.

Further Reading: Fundamental Analysis and Individual Investors

Want to see what other hedge funds are holding FMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Managed Municipal ETF (NASDAQ:FMB).

Institutional Ownership by Quarter for First Trust Managed Municipal ETF (NASDAQ:FMB)

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