Raymond James Financial Inc. Purchases 6,985 Shares of First Trust Managed Municipal ETF $FMB

Raymond James Financial Inc. boosted its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 0.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,157,297 shares of the company’s stock after buying an additional 6,985 shares during the quarter. Raymond James Financial Inc.’s holdings in First Trust Managed Municipal ETF were worth $58,353,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FMB. Focus Partners Advisor Solutions LLC boosted its stake in First Trust Managed Municipal ETF by 620.3% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 150,146 shares of the company’s stock valued at $7,659,000 after buying an additional 129,301 shares in the last quarter. HighTower Advisors LLC boosted its stake in First Trust Managed Municipal ETF by 104.4% in the 1st quarter. HighTower Advisors LLC now owns 231,944 shares of the company’s stock valued at $11,695,000 after buying an additional 118,458 shares in the last quarter. LPL Financial LLC boosted its stake in First Trust Managed Municipal ETF by 3.7% in the first quarter. LPL Financial LLC now owns 2,179,768 shares of the company’s stock worth $109,909,000 after purchasing an additional 77,992 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in First Trust Managed Municipal ETF by 24.3% in the first quarter. Commonwealth Equity Services LLC now owns 384,349 shares of the company’s stock worth $19,380,000 after purchasing an additional 75,137 shares in the last quarter. Finally, SteelPeak Wealth LLC acquired a new position in First Trust Managed Municipal ETF in the first quarter worth $2,606,000.

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock opened at $49.74 on Thursday. The business’s fifty day moving average is $49.71 and its two-hundred day moving average is $50.09. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 22nd were paid a dividend of $0.144 per share. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, July 22nd.

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.