Financial Insights Inc. Takes Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Financial Insights Inc. purchased a new stake in First Trust Managed Municipal ETF (NASDAQ:FMB) in the second quarter, Holdings Channel reports. The firm purchased 625 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Morgan Stanley grew its stake in First Trust Managed Municipal ETF by 3.7% during the 1st quarter. Morgan Stanley now owns 2,499,355 shares of the company’s stock worth $141,039,000 after buying an additional 89,265 shares during the last quarter. UBS Group AG lifted its holdings in shares of First Trust Managed Municipal ETF by 26.0% in the first quarter. UBS Group AG now owns 1,976,578 shares of the company’s stock valued at $111,538,000 after buying an additional 408,472 shares during the period. Weitzel Financial Services Inc. raised its position in shares of First Trust Managed Municipal ETF by 7,179.1% during the second quarter. Weitzel Financial Services Inc. now owns 1,784,988 shares of the company’s stock worth $30,984,000 after purchasing an additional 1,760,466 shares during the period. CWA Asset Management Group LLC raised its position in shares of First Trust Managed Municipal ETF by 113.8% during the second quarter. CWA Asset Management Group LLC now owns 1,248,489 shares of the company’s stock worth $68,758,000 after purchasing an additional 664,565 shares during the period. Finally, Royal Bank of Canada raised its position in shares of First Trust Managed Municipal ETF by 8.2% during the first quarter. Royal Bank of Canada now owns 659,604 shares of the company’s stock worth $37,222,000 after purchasing an additional 50,064 shares during the period.

NASDAQ:FMB traded up $0.06 during trading hours on Monday, hitting $57.33. 900 shares of the company’s stock traded hands, compared to its average volume of 173,823. First Trust Managed Municipal ETF has a twelve month low of $55.28 and a twelve month high of $57.84. The stock’s fifty day moving average price is $57.49 and its two-hundred day moving average price is $57.14.

The business also recently declared a monthly dividend, which was paid on Tuesday, August 31st. Stockholders of record on Wednesday, August 25th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, August 24th. This represents a $1.08 annualized dividend and a dividend yield of 1.88%.

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Want to see what other hedge funds are holding FMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Managed Municipal ETF (NASDAQ:FMB).

Institutional Ownership by Quarter for First Trust Managed Municipal ETF (NASDAQ:FMB)

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