First Trust Managed Municipal ETF $FMB Stock Bought by MGO One Seven LLC

MGO One Seven LLC boosted its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 110,305 shares of the company’s stock after purchasing an additional 10,128 shares during the period. MGO One Seven LLC owned about 0.28% of First Trust Managed Municipal ETF worth $5,279,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Continuum Advisory LLC purchased a new stake in First Trust Managed Municipal ETF in the second quarter worth about $29,000. Frazier Financial Advisors LLC purchased a new position in shares of First Trust Managed Municipal ETF during the 1st quarter valued at about $31,000. PFS Partners LLC lifted its position in shares of First Trust Managed Municipal ETF by 279.6% during the 3rd quarter. PFS Partners LLC now owns 706 shares of the company’s stock valued at $34,000 after buying an additional 520 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of First Trust Managed Municipal ETF during the 1st quarter valued at approximately $53,000. Finally, Legacy Wealth Managment LLC ID grew its stake in shares of First Trust Managed Municipal ETF by 339.0% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,374 shares of the company’s stock valued at $70,000 after acquiring an additional 1,061 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ:FMB opened at $49.42 on Tuesday. The stock has a 50 day moving average of $48.91 and a 200 day moving average of $50.58. First Trust Managed Municipal ETF has a 12-month low of $47.38 and a 12-month high of $52.03.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were paid a $0.1590 dividend. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.9%.

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.