Oppenheimer & Co. Inc. acquired a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,289 shares of the company’s stock, valued at approximately $1,593,000. Oppenheimer & Co. Inc. owned about 0.08% of First Trust Managed Municipal ETF as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in FMB. Live Oak Investment Partners bought a new position in First Trust Managed Municipal ETF during the 3rd quarter worth $215,000. Hedeker Wealth LLC grew its stake in shares of First Trust Managed Municipal ETF by 0.8% in the third quarter. Hedeker Wealth LLC now owns 57,266 shares of the company’s stock valued at $2,741,000 after acquiring an additional 481 shares in the last quarter. Sigma Planning Corp bought a new position in First Trust Managed Municipal ETF during the third quarter worth about $1,747,000. Bernardo Wealth Planning LLC increased its position in First Trust Managed Municipal ETF by 54.7% during the third quarter. Bernardo Wealth Planning LLC now owns 31,488 shares of the company’s stock worth $1,507,000 after acquiring an additional 11,138 shares during the period. Finally, Sowell Financial Services LLC increased its position in First Trust Managed Municipal ETF by 4.8% during the third quarter. Sowell Financial Services LLC now owns 25,166 shares of the company’s stock worth $1,204,000 after acquiring an additional 1,164 shares during the period.
First Trust Managed Municipal ETF Price Performance
NASDAQ FMB opened at $49.42 on Monday. First Trust Managed Municipal ETF has a 12-month low of $47.38 and a 12-month high of $52.03. The firm has a 50-day moving average price of $48.92 and a two-hundred day moving average price of $50.59.
First Trust Managed Municipal ETF Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were paid a $0.1590 dividend. This represents a $1.91 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Wednesday, October 21st.
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.
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