First Trust Managed Municipal ETF $FMB Stock Bought by Vise Technologies Inc.

Vise Technologies Inc. raised its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 16.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 198,683 shares of the company’s stock after acquiring an additional 28,790 shares during the quarter. Vise Technologies Inc. owned approximately 0.50% of First Trust Managed Municipal ETF worth $9,509,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in First Trust Managed Municipal ETF by 12.2% during the first quarter. Bank of America Corp DE now owns 2,046,794 shares of the company’s stock worth $103,691,000 after purchasing an additional 221,955 shares during the last quarter. First Heartland Consultants Inc. acquired a new stake in First Trust Managed Municipal ETF in the 3rd quarter valued at $8,478,000. Fifth Third Bancorp increased its stake in First Trust Managed Municipal ETF by 3,413.5% in the 1st quarter. Fifth Third Bancorp now owns 86,924 shares of the company’s stock valued at $4,404,000 after buying an additional 84,450 shares during the last quarter. NewEdge Advisors LLC increased its stake in First Trust Managed Municipal ETF by 16.1% in the 2nd quarter. NewEdge Advisors LLC now owns 497,684 shares of the company’s stock valued at $25,565,000 after buying an additional 68,875 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in First Trust Managed Municipal ETF in the 3rd quarter valued at $2,577,000.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ:FMB opened at $49.42 on Monday. The company’s 50-day moving average price is $48.92 and its two-hundred day moving average price is $50.59. First Trust Managed Municipal ETF has a one year low of $47.38 and a one year high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were given a $0.1590 dividend. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.9%.

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.