Fifth Third Bancorp Acquires 84,450 Shares of First Trust Managed Municipal ETF $FMB

Fifth Third Bancorp raised its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3,413.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,924 shares of the company’s stock after buying an additional 84,450 shares during the quarter. Fifth Third Bancorp owned 0.22% of First Trust Managed Municipal ETF worth $4,404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sovran Advisors LLC lifted its position in shares of First Trust Managed Municipal ETF by 9.1% during the 1st quarter. Sovran Advisors LLC now owns 9,340 shares of the company’s stock valued at $477,000 after acquiring an additional 780 shares during the period. Kestra Advisory Services LLC increased its stake in First Trust Managed Municipal ETF by 5.0% in the first quarter. Kestra Advisory Services LLC now owns 151,964 shares of the company’s stock valued at $7,698,000 after purchasing an additional 7,279 shares in the last quarter. Advance Capital Management Inc. increased its stake in First Trust Managed Municipal ETF by 27.7% in the first quarter. Advance Capital Management Inc. now owns 82,571 shares of the company’s stock valued at $4,183,000 after purchasing an additional 17,895 shares in the last quarter. Ascentis Independent Advisors acquired a new position in shares of First Trust Managed Municipal ETF during the first quarter valued at about $53,000. Finally, Capital Financial Group Inc. Co. ADV raised its holdings in shares of First Trust Managed Municipal ETF by 1.0% during the first quarter. Capital Financial Group Inc. Co. ADV now owns 56,520 shares of the company’s stock valued at $2,863,000 after purchasing an additional 570 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB opened at $51.05 on Friday. The stock has a 50-day moving average of $51.17 and a 200-day moving average of $51.27. First Trust Managed Municipal ETF has a one year low of $49.28 and a one year high of $52.03.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.157 dividend. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16. This represents a c) annualized dividend and a yield of 3.7%.

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.