First Trust Managed Municipal ETF $FMB Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC increased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 428,809 shares of the company’s stock after buying an additional 22,968 shares during the quarter. NewEdge Advisors LLC owned about 1.09% of First Trust Managed Municipal ETF worth $21,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 2,668.1% during the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock worth $9,557,000 after acquiring an additional 182,683 shares during the period. Baird Financial Group Inc. increased its position in First Trust Managed Municipal ETF by 0.9% during the second quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock worth $1,544,000 after purchasing an additional 266 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in First Trust Managed Municipal ETF during the second quarter worth approximately $125,000. Main Street Financial Solutions LLC purchased a new position in First Trust Managed Municipal ETF during the second quarter worth approximately $805,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 2.9% in the 2nd quarter. Raymond James Financial Inc. now owns 1,191,423 shares of the company’s stock valued at $59,357,000 after purchasing an additional 34,126 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB opened at $50.61 on Friday. First Trust Managed Municipal ETF has a 52-week low of $49.49 and a 52-week high of $52.03. The firm has a fifty day moving average of $51.04 and a 200-day moving average of $51.18.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were issued a $0.157 dividend. The ex-dividend date was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 3.7%.

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.