131,641 Shares in First Trust Managed Municipal ETF (NASDAQ:FMB) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the 4th quarter, HoldingsChannel reports. The firm acquired 131,641 shares of the company’s stock, valued at approximately $6,801,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new position in First Trust Managed Municipal ETF during the third quarter worth about $11,217,000. CENTRAL TRUST Co boosted its stake in First Trust Managed Municipal ETF by 140.1% during the third quarter. CENTRAL TRUST Co now owns 994 shares of the company’s stock worth $49,000 after buying an additional 580 shares during the period. GSG Advisors LLC purchased a new position in First Trust Managed Municipal ETF during the third quarter worth about $502,000. Bernardo Wealth Planning LLC boosted its stake in First Trust Managed Municipal ETF by 16.1% during the third quarter. Bernardo Wealth Planning LLC now owns 40,659 shares of the company’s stock worth $1,987,000 after buying an additional 5,638 shares during the period. Finally, Allworth Financial LP boosted its stake in First Trust Managed Municipal ETF by 128.5% during the third quarter. Allworth Financial LP now owns 42,209 shares of the company’s stock worth $2,063,000 after buying an additional 23,735 shares during the period.

First Trust Managed Municipal ETF Stock Up 0.2 %

Shares of FMB stock opened at $51.21 on Wednesday. The company has a 50-day moving average of $51.21 and a two-hundred day moving average of $50.88. First Trust Managed Municipal ETF has a 1-year low of $48.08 and a 1-year high of $51.77.

First Trust Managed Municipal ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th were paid a dividend of $0.135 per share. This represents a $1.62 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Tuesday, April 23rd.

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.