First Heartland Consultants Inc. Increases Stock Position in First Trust Managed Municipal ETF $FMB

First Heartland Consultants Inc. grew its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) by 9.4% during the 2nd quarter, Holdings Channel reports. The firm owned 158,769 shares of the company’s stock after buying an additional 13,623 shares during the period. First Heartland Consultants Inc.’s holdings in First Trust Managed Municipal ETF were worth $8,156,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. TrueWealth Financial Partners acquired a new position in shares of First Trust Managed Municipal ETF during the 4th quarter worth approximately $12,720,000. Bank of America Corp DE grew its holdings in First Trust Managed Municipal ETF by 12.2% during the 1st quarter. Bank of America Corp DE now owns 2,046,794 shares of the company’s stock valued at $103,691,000 after buying an additional 221,955 shares during the last quarter. Jane Street Group LLC grew its holdings in First Trust Managed Municipal ETF by 2,668.1% during the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock valued at $9,557,000 after buying an additional 182,683 shares during the last quarter. LPL Financial LLC increased its position in First Trust Managed Municipal ETF by 8.5% during the fourth quarter. LPL Financial LLC now owns 2,308,525 shares of the company’s stock worth $118,046,000 after buying an additional 181,458 shares in the last quarter. Finally, Composition Wealth LLC increased its position in First Trust Managed Municipal ETF by 8.7% during the fourth quarter. Composition Wealth LLC now owns 1,163,045 shares of the company’s stock worth $59,472,000 after buying an additional 92,945 shares in the last quarter.

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First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $50.61 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $49.49 and a fifty-two week high of $52.03. The business has a fifty day moving average of $51.04 and a 200-day moving average of $51.18.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were given a dividend of $0.157 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Tuesday, July 21st.

First Trust Managed Municipal ETF Profile

(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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Want to see what other hedge funds are holding FMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report).

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