Cypress Capital Group Purchases 1,700 Shares of First Trust Managed Municipal ETF $FMB

Cypress Capital Group grew its stake in First Trust Managed Municipal ETF (NASDAQ:FMBFree Report) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,150 shares of the company’s stock after buying an additional 1,700 shares during the period. Cypress Capital Group owned approximately 0.09% of First Trust Managed Municipal ETF worth $1,751,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Security Financial Services INC. boosted its stake in shares of First Trust Managed Municipal ETF by 2.0% in the 1st quarter. Security Financial Services INC. now owns 11,137 shares of the company’s stock valued at $562,000 after purchasing an additional 223 shares in the last quarter. Main Line Retirement Advisors LLC boosted its stake in shares of First Trust Managed Municipal ETF by 0.7% in the 1st quarter. Main Line Retirement Advisors LLC now owns 50,094 shares of the company’s stock valued at $2,526,000 after purchasing an additional 330 shares in the last quarter. Arkansas Financial Group Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 0.3% in the 2nd quarter. Arkansas Financial Group Inc. now owns 124,613 shares of the company’s stock valued at $6,212,000 after purchasing an additional 362 shares in the last quarter. Pinnacle Bancorp Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 18.7% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 2,552 shares of the company’s stock valued at $127,000 after purchasing an additional 402 shares in the last quarter. Finally, Sentinel Pension Advisors LLC boosted its stake in shares of First Trust Managed Municipal ETF by 0.8% in the 2nd quarter. Sentinel Pension Advisors LLC now owns 56,099 shares of the company’s stock valued at $2,795,000 after purchasing an additional 420 shares in the last quarter.

First Trust Managed Municipal ETF Stock Up 0.2%

Shares of First Trust Managed Municipal ETF stock opened at $50.97 on Monday. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $51.99. The company has a fifty day moving average of $50.27 and a 200-day moving average of $49.91.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a dividend of $0.146 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, September 25th. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14.

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.

Further Reading

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

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