Jones Financial Companies Lllp Has $4.28 Million Stake in First Trust Managed Municipal ETF $FMB

Jones Financial Companies Lllp grew its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 29.7% during the first quarter, Holdings Channel.com reports. The firm owned 87,041 shares of the company’s stock after buying an additional 19,956 shares during the period. Jones Financial Companies Lllp’s holdings in First Trust Managed Municipal ETF were worth $4,278,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. LPL Financial LLC boosted its position in First Trust Managed Municipal ETF by 3.7% during the first quarter. LPL Financial LLC now owns 2,179,768 shares of the company’s stock worth $109,909,000 after purchasing an additional 77,992 shares during the period. Raymond James Financial Inc. raised its stake in shares of First Trust Managed Municipal ETF by 0.6% in the first quarter. Raymond James Financial Inc. now owns 1,157,297 shares of the company’s stock valued at $58,353,000 after purchasing an additional 6,985 shares in the last quarter. Miracle Mile Advisors LLC raised its stake in First Trust Managed Municipal ETF by 3.1% during the first quarter. Miracle Mile Advisors LLC now owns 649,521 shares of the company’s stock worth $32,750,000 after acquiring an additional 19,690 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in First Trust Managed Municipal ETF by 2.8% during the first quarter. Avantax Advisory Services Inc. now owns 621,617 shares of the company’s stock worth $31,343,000 after acquiring an additional 16,676 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in First Trust Managed Municipal ETF by 1.4% during the first quarter. Royal Bank of Canada now owns 619,572 shares of the company’s stock worth $31,240,000 after acquiring an additional 8,529 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ:FMB opened at $50.43 on Wednesday. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13. The business has a fifty day moving average of $49.73 and a 200-day moving average of $49.96.

First Trust Managed Municipal ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 21st were issued a dividend of $0.144 per share. The ex-dividend date was Thursday, August 21st. This represents a c) dividend on an annualized basis and a yield of 3.4%.

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.