First Trust Managed Municipal ETF $FMB Position Increased by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.6% during the third quarter, Holdings Channel reports. The fund owned 178,128 shares of the company’s stock after acquiring an additional 14,115 shares during the period. Kestra Advisory Services LLC’s holdings in First Trust Managed Municipal ETF were worth $8,525,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE boosted its position in First Trust Managed Municipal ETF by 12.2% in 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. NewEdge Advisors LLC increased its position in shares of First Trust Managed Municipal ETF by 16.1% during the 2nd quarter. NewEdge Advisors LLC now owns 497,684 shares of the company’s stock valued at $25,565,000 after purchasing an additional 68,875 shares during the last quarter. Cetera Investment Advisers increased its position in shares of First Trust Managed Municipal ETF by 2.1% during the 1st quarter. Cetera Investment Advisers now owns 418,100 shares of the company’s stock valued at $21,181,000 after purchasing an additional 8,583 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of First Trust Managed Municipal ETF by 6.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 345,208 shares of the company’s stock valued at $17,732,000 after purchasing an additional 21,260 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter valued at about $17,671,000.

First Trust Managed Municipal ETF Trading Down 0.2%

Shares of NASDAQ:FMB opened at $49.85 on Wednesday. The firm’s 50 day moving average price is $48.87 and its 200-day moving average price is $50.53. First Trust Managed Municipal ETF has a twelve month low of $47.38 and a twelve month high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were issued a dividend of $0.1590 per share. This represents a $1.91 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, October 21st.

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.