4,201 Shares in First Trust Managed Municipal ETF (NASDAQ:FMB) Acquired by Triumph Capital Management

Triumph Capital Management acquired a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,201 shares of the company’s stock, valued at approximately $214,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Tucker Asset Management LLC raised its position in First Trust Managed Municipal ETF by 933.3% in the fourth quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock valued at $30,000 after purchasing an additional 532 shares during the period. Duncker Streett & Co. Inc. purchased a new stake in First Trust Managed Municipal ETF in the fourth quarter valued at $108,000. Fifth Third Bancorp raised its position in First Trust Managed Municipal ETF by 177.8% in the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after purchasing an additional 1,778 shares during the period. TrueWealth Advisors LLC purchased a new stake in First Trust Managed Municipal ETF in the fourth quarter valued at $207,000. Finally, Coppell Advisory Solutions LLC raised its position in First Trust Managed Municipal ETF by 428.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 4,361 shares of the company’s stock valued at $223,000 after purchasing an additional 3,535 shares during the period.

First Trust Managed Municipal ETF Stock Performance

NASDAQ:FMB opened at $49.96 on Friday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The stock’s fifty day moving average is $50.03 and its two-hundred day moving average is $50.80.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd were given a $0.141 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $1.69 dividend on an annualized basis and a yield of 3.39%. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14.

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.