Cwm LLC Buys 7,648 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Cwm LLC raised its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 44.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,728 shares of the company’s stock after acquiring an additional 7,648 shares during the period. Cwm LLC owned about 0.06% of First Trust Managed Municipal ETF worth $1,278,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. LPL Financial LLC lifted its stake in First Trust Managed Municipal ETF by 13.6% during the 3rd quarter. LPL Financial LLC now owns 2,311,853 shares of the company’s stock valued at $113,003,000 after acquiring an additional 277,430 shares in the last quarter. UBS Group AG raised its stake in shares of First Trust Managed Municipal ETF by 3.7% during the 3rd quarter. UBS Group AG now owns 2,249,392 shares of the company’s stock worth $109,950,000 after purchasing an additional 80,201 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of First Trust Managed Municipal ETF by 20.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 903,423 shares of the company’s stock worth $46,675,000 after purchasing an additional 156,465 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of First Trust Managed Municipal ETF by 6.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 693,301 shares of the company’s stock worth $33,889,000 after purchasing an additional 42,887 shares during the period. Finally, Miracle Mile Advisors LLC raised its stake in shares of First Trust Managed Municipal ETF by 63.2% during the 4th quarter. Miracle Mile Advisors LLC now owns 444,237 shares of the company’s stock worth $22,951,000 after purchasing an additional 171,963 shares during the period.

First Trust Managed Municipal ETF Trading Up 0.0 %

NASDAQ FMB opened at $50.71 on Friday. First Trust Managed Municipal ETF has a one year low of $48.08 and a one year high of $51.77. The business’s fifty day moving average is $51.27 and its 200-day moving average is $50.75.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, April 23rd.

About First Trust Managed Municipal ETF

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.