Allworth Financial LP Buys 19,018 Shares of First Trust Managed Municipal ETF $FMB

Allworth Financial LP increased its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 24.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,682 shares of the company’s stock after acquiring an additional 19,018 shares during the quarter. Allworth Financial LP owned approximately 0.26% of First Trust Managed Municipal ETF worth $4,817,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Jane Street Group LLC raised its holdings in shares of First Trust Managed Municipal ETF by 2,668.1% during the first quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock valued at $9,557,000 after purchasing an additional 182,683 shares during the period. NewEdge Advisors LLC increased its position in First Trust Managed Municipal ETF by 45.6% in the 1st quarter. NewEdge Advisors LLC now owns 455,622 shares of the company’s stock valued at $22,973,000 after buying an additional 142,668 shares in the last quarter. HighTower Advisors LLC raised its stake in First Trust Managed Municipal ETF by 104.4% during the 1st quarter. HighTower Advisors LLC now owns 231,944 shares of the company’s stock worth $11,695,000 after buying an additional 118,458 shares during the period. LPL Financial LLC raised its stake in First Trust Managed Municipal ETF by 3.7% during the 1st quarter. LPL Financial LLC now owns 2,179,768 shares of the company’s stock worth $109,909,000 after buying an additional 77,992 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in First Trust Managed Municipal ETF by 24.3% in the first quarter. Commonwealth Equity Services LLC now owns 384,349 shares of the company’s stock worth $19,380,000 after acquiring an additional 75,137 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of First Trust Managed Municipal ETF stock opened at $51.37 on Wednesday. First Trust Managed Municipal ETF has a 52 week low of $48.19 and a 52 week high of $51.99. The stock has a 50 day moving average price of $50.92 and a two-hundred day moving average price of $50.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were paid a dividend of $0.146 per share. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Tuesday, October 21st.

First Trust Managed Municipal ETF Company 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.