First Trust Managed Municipal ETF $FMB Shares Bought by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. lifted its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 260.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,093 shares of the company’s stock after buying an additional 23,923 shares during the quarter. Ausdal Financial Partners Inc. owned approximately 0.09% of First Trust Managed Municipal ETF worth $1,678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Jane Street Group LLC grew its stake in First Trust Managed Municipal ETF by 2,668.1% in the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock valued at $9,557,000 after acquiring an additional 182,683 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust Managed Municipal ETF by 15.2% in the second quarter. Cetera Investment Advisers now owns 256,842 shares of the company’s stock valued at $12,796,000 after purchasing an additional 33,820 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of First Trust Managed Municipal ETF by 37.0% in the second quarter. Rockefeller Capital Management L.P. now owns 255,039 shares of the company’s stock valued at $12,706,000 after purchasing an additional 68,909 shares in the last quarter. PKS Advisory Services LLC grew its position in shares of First Trust Managed Municipal ETF by 20.3% in the second quarter. PKS Advisory Services LLC now owns 19,471 shares of the company’s stock valued at $970,000 after purchasing an additional 3,279 shares during the last quarter. Finally, Forum Private Client Group LLC grew its position in shares of First Trust Managed Municipal ETF by 18.6% in the second quarter. Forum Private Client Group LLC now owns 6,408 shares of the company’s stock valued at $319,000 after purchasing an additional 1,006 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of FMB opened at $51.30 on Tuesday. First Trust Managed Municipal ETF has a 1-year low of $48.19 and a 1-year high of $52.03. The firm has a 50 day simple moving average of $51.55 and a 200-day simple moving average of $51.17.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a $0.155 dividend. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Friday, February 20th.

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.