Citigroup Inc. Grows Position in First Trust Managed Municipal ETF $FMB

Citigroup Inc. lifted its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 13.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,647 shares of the company’s stock after buying an additional 21,979 shares during the period. Citigroup Inc. owned approximately 0.48% of First Trust Managed Municipal ETF worth $9,159,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of FMB. Total Investment Management Inc. acquired a new stake in First Trust Managed Municipal ETF in the 2nd quarter valued at about $27,000. Evolution Wealth Management Inc. purchased a new stake in shares of First Trust Managed Municipal ETF in the second quarter valued at approximately $27,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at approximately $45,000. PNC Financial Services Group Inc. acquired a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at approximately $51,000. Finally, Fifth Third Bancorp lifted its position in First Trust Managed Municipal ETF by 39.1% during the third quarter. Fifth Third Bancorp now owns 2,474 shares of the company’s stock worth $125,000 after buying an additional 696 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $51.99 on Monday. The stock’s fifty day moving average is $51.47 and its two-hundred day moving average is $51.04. First Trust Managed Municipal ETF has a fifty-two week low of $48.19 and a fifty-two week high of $52.03.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a dividend of $0.155 per share. The ex-dividend date was Friday, February 20th. 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 yield of 3.6%.

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.