Private Trust Co. NA Has $1.04 Million Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Posted by Chris Copeland on Nov 26th, 2024

Private Trust Co. NA raised its stake in First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) by 14.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,010 shares of the company’s stock after buying an additional 2,496 shares during the quarter. Private Trust Co. NA’s holdings in First Trust Managed Municipal ETF were worth $1,040,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. DHJJ Financial Advisors Ltd. grew its position in First Trust Managed Municipal ETF by 119.4% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock worth $40,000 after purchasing an additional 430 shares in the last quarter. Fifth Third Bancorp purchased a new position in First Trust Managed Municipal ETF in the second quarter worth $51,000. IAG Wealth Partners LLC bought a new position in First Trust Managed Municipal ETF in the 2nd quarter valued at $53,000. WR Wealth Planners LLC purchased a new stake in First Trust Managed Municipal ETF during the second quarter worth about $56,000. Finally, International Assets Investment Management LLC bought a new stake in shares of First Trust Managed Municipal ETF in the 2nd quarter worth approximately $112,000.

First Trust Managed Municipal ETF Trading Up 0.4 %

FMB stock opened at $51.53 on Tuesday. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13. The stock has a fifty day moving average of $51.57 and a 200-day moving average of $51.43.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a dividend of $0.139 per share. The ex-dividend date is Thursday, November 21st.

First Trust Managed Municipal ETF 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.