Sigma Planning Corp Buys 503 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Sigma Planning Corp boosted its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.3% during the 4th quarter, HoldingsChannel reports. The fund owned 40,045 shares of the company’s stock after buying an additional 503 shares during the quarter. Sigma Planning Corp’s holdings in First Trust Managed Municipal ETF were worth $2,043,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hedeker Wealth LLC raised its stake in shares of First Trust Managed Municipal ETF by 53.3% in the fourth quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock valued at $2,717,000 after purchasing an additional 18,519 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in First Trust Managed Municipal ETF during the fourth quarter worth $249,000. JPMorgan Chase & Co. boosted its stake in First Trust Managed Municipal ETF by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after buying an additional 25,002 shares in the last quarter. Fifth Third Bancorp boosted its stake in First Trust Managed Municipal ETF by 177.8% during the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after buying an additional 1,778 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in First Trust Managed Municipal ETF during the third quarter worth $1,555,000.

First Trust Managed Municipal ETF Stock Down 0.0 %

NASDAQ FMB opened at $51.24 on Monday. The stock’s 50 day moving average is $51.00 and its two-hundred day moving average is $51.41. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, February 21st.

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.