UBS Group AG Grows Position in First Trust Managed Municipal ETF $FMB

UBS Group AG boosted its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,836,968 shares of the company’s stock after buying an additional 38,553 shares during the quarter. UBS Group AG owned approximately 4.91% of First Trust Managed Municipal ETF worth $93,933,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ameriflex Group Inc. bought a new position in First Trust Managed Municipal ETF in the 3rd quarter valued at $40,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter valued at $45,000. PNC Financial Services Group Inc. purchased a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter valued at $51,000. Evolution Wealth Management Inc. increased its position in shares of First Trust Managed Municipal ETF by 196.0% during the 3rd quarter. Evolution Wealth Management Inc. now owns 1,631 shares of the company’s stock valued at $83,000 after purchasing an additional 1,080 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of First Trust Managed Municipal ETF by 39.1% during the 3rd quarter. Fifth Third Bancorp now owns 2,474 shares of the company’s stock valued at $125,000 after purchasing an additional 696 shares during the last quarter.

First Trust Managed Municipal ETF Stock Up 0.0%

Shares of First Trust Managed Municipal ETF stock opened at $51.11 on Friday. First Trust Managed Municipal ETF has a 1 year low of $49.28 and a 1 year high of $52.03. The stock has a fifty day moving average price of $51.22 and a 200-day moving average price of $51.26.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were given a dividend of $0.156 per share. The ex-dividend date of this dividend was Tuesday, April 21st. This represents a c) annualized dividend and a dividend yield of 3.7%.

About First Trust Managed Municipal ETF

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.