Old Mission Investment Co LLC Buys Shares of 10,079 First Trust Managed Municipal ETF $FMB

Old Mission Investment Co LLC purchased a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMBFree Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,079 shares of the company’s stock, valued at approximately $518,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. High Net Worth Advisory Group LLC lifted its position in First Trust Managed Municipal ETF by 8.2% in the second quarter. High Net Worth Advisory Group LLC now owns 15,215 shares of the company’s stock valued at $782,000 after buying an additional 1,158 shares during the last quarter. Continuum Advisory LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the second quarter valued at about $29,000. Insight Wealth Strategies LLC increased its position in shares of First Trust Managed Municipal ETF by 6.9% during the second quarter. Insight Wealth Strategies LLC now owns 27,942 shares of the company’s stock valued at $1,435,000 after acquiring an additional 1,813 shares during the last quarter. Heck Capital Advisors LLC raised its stake in shares of First Trust Managed Municipal ETF by 0.8% in the 2nd quarter. Heck Capital Advisors LLC now owns 42,983 shares of the company’s stock valued at $2,208,000 after acquiring an additional 320 shares during the period. Finally, Friday Financial raised its stake in shares of First Trust Managed Municipal ETF by 14.1% in the 2nd quarter. Friday Financial now owns 35,854 shares of the company’s stock valued at $1,839,000 after acquiring an additional 4,425 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB stock opened at $49.65 on Friday. The firm’s 50 day moving average price is $50.61 and its 200-day moving average price is $51.00. First Trust Managed Municipal ETF has a one year low of $49.61 and a one year high of $52.03.

First Trust Managed Municipal ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were given a $0.158 dividend. The ex-dividend date of this dividend was Friday, August 21st. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16. This represents a c) dividend on an annualized basis and a yield of 3.8%.

About First Trust Managed Municipal ETF

(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.

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

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