Cwm LLC Purchases 10,756 Shares of First Trust Managed Municipal ETF $FMB

Cwm LLC boosted its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 11.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 106,677 shares of the company’s stock after purchasing an additional 10,756 shares during the quarter. Cwm LLC owned approximately 0.28% of First Trust Managed Municipal ETF worth $5,315,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its holdings 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. Raymond James Financial Inc. boosted its holdings in First Trust Managed Municipal ETF by 0.6% in the first quarter. Raymond James Financial Inc. now owns 1,157,297 shares of the company’s stock worth $58,353,000 after acquiring an additional 6,985 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in First Trust Managed Municipal ETF by 2.8% in the first quarter. Avantax Advisory Services Inc. now owns 621,617 shares of the company’s stock worth $31,343,000 after acquiring an additional 16,676 shares in the last quarter. Royal Bank of Canada boosted its holdings in First Trust Managed Municipal ETF by 1.4% in the first quarter. Royal Bank of Canada now owns 619,572 shares of the company’s stock worth $31,240,000 after acquiring an additional 8,529 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in First Trust Managed Municipal ETF by 45.6% in the first quarter. NewEdge Advisors LLC now owns 455,622 shares of the company’s stock worth $22,973,000 after acquiring an additional 142,668 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB opened at $51.11 on Thursday. The business has a 50-day simple moving average of $50.35 and a two-hundred day simple moving average of $49.93. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $51.99.

First Trust Managed Municipal ETF Increases Dividend

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

First Trust Managed Municipal ETF 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.