Clark Capital Management Group Inc. Boosts Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Clark Capital Management Group Inc. grew its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMBGet Rating) by 9.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,513 shares of the company’s stock after buying an additional 3,618 shares during the period. Clark Capital Management Group Inc. owned 0.11% of First Trust Managed Municipal ETF worth $2,256,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. UBS Group AG grew its stake in First Trust Managed Municipal ETF by 15.3% in the first quarter. UBS Group AG now owns 2,101,471 shares of the company’s stock worth $111,504,000 after purchasing an additional 279,580 shares during the period. LPL Financial LLC boosted its holdings in First Trust Managed Municipal ETF by 8.8% in the fourth quarter. LPL Financial LLC now owns 1,959,957 shares of the company’s stock worth $111,678,000 after acquiring an additional 158,295 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in First Trust Managed Municipal ETF by 7.7% in the first quarter. CWA Asset Management Group LLC now owns 1,384,306 shares of the company’s stock worth $73,451,000 after acquiring an additional 98,425 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in First Trust Managed Municipal ETF by 15.0% in the first quarter. Advisor Group Holdings Inc. now owns 976,716 shares of the company’s stock worth $46,931,000 after acquiring an additional 127,180 shares in the last quarter. Finally, Avantax Planning Partners Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 718.2% during the first quarter. Avantax Planning Partners Inc. now owns 833,889 shares of the company’s stock valued at $44,246,000 after purchasing an additional 731,977 shares in the last quarter.

First Trust Managed Municipal ETF Stock Up 0.1 %

Shares of NASDAQ:FMB opened at $50.29 on Monday. First Trust Managed Municipal ETF has a 1 year low of $49.97 and a 1 year high of $57.40. The stock’s fifty day moving average price is $51.20 and its 200-day moving average price is $51.72.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 24th were issued a dividend of $0.108 per share. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.11. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Tuesday, August 23rd.

Further Reading

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

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