Sigma Planning Corp Raises Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Sigma Planning Corp lifted its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMBFree Report) by 10.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,546 shares of the company’s stock after purchasing an additional 2,564 shares during the period. Sigma Planning Corp owned about 0.07% of First Trust Managed Municipal ETF worth $1,346,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FMB. UBS Group AG grew its stake in First Trust Managed Municipal ETF by 15.3% in the 1st quarter. UBS Group AG now owns 2,101,471 shares of the company’s stock worth $111,504,000 after acquiring an additional 279,580 shares during the period. LPL Financial LLC grew its stake in First Trust Managed Municipal ETF by 2.3% in the 2nd quarter. LPL Financial LLC now owns 2,034,423 shares of the company’s stock worth $103,105,000 after acquiring an additional 46,498 shares during the period. Bank of America Corp DE grew its stake in First Trust Managed Municipal ETF by 4.9% in the 1st quarter. Bank of America Corp DE now owns 1,616,300 shares of the company’s stock worth $82,327,000 after acquiring an additional 75,075 shares during the period. Royal Bank of Canada grew its stake in First Trust Managed Municipal ETF by 1.4% in the 1st quarter. Royal Bank of Canada now owns 769,197 shares of the company’s stock worth $40,814,000 after acquiring an additional 10,869 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of First Trust Managed Municipal ETF by 11,438.7% during the 4th quarter. Jane Street Group LLC now owns 756,480 shares of the company’s stock valued at $37,907,000 after buying an additional 749,924 shares during the period.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB opened at $51.38 on Wednesday. First Trust Managed Municipal ETF has a 52-week low of $48.08 and a 52-week high of $51.75. The firm has a fifty day moving average of $51.20 and a 200-day moving average of $50.18.

First Trust Managed Municipal ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 26th were paid a dividend of $0.1325 per share. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $1.59 annualized dividend and a dividend yield of 3.09%.

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.

See Also

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

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