First Trust Managed Municipal ETF (NASDAQ:FMB) Sets New 1-Year High at $51.85

First Trust Managed Municipal ETF (NASDAQ:FMB)’s stock price reached a new 52-week high on Friday . The company traded as high as $51.85 and last traded at $51.85, with a volume of 4631 shares changing hands. The stock had previously closed at $51.56.

First Trust Managed Municipal ETF Trading Up 0.6 %

The business has a 50-day moving average price of $51.18 and a two-hundred day moving average price of $51.23.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.137 per share. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its position in First Trust Managed Municipal ETF by 26.9% in the fourth quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock worth $75,000 after buying an additional 307 shares during the last quarter. Independence Bank of Kentucky purchased a new stake in shares of First Trust Managed Municipal ETF during the 4th quarter valued at $27,000. Private Trust Co. NA raised its position in shares of First Trust Managed Municipal ETF by 12.6% during the 4th quarter. Private Trust Co. NA now owns 20,016 shares of the company’s stock valued at $1,034,000 after buying an additional 2,247 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the 4th quarter valued at $6,801,000. Finally, ABLE Financial Group LLC raised its position in shares of First Trust Managed Municipal ETF by 391.9% during the 4th quarter. ABLE Financial Group LLC now owns 53,356 shares of the company’s stock valued at $2,757,000 after buying an additional 42,510 shares in the last quarter.

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.