First Trust Managed Municipal ETF $FMB Shares Bought by Bank of America Corp DE

Bank of America Corp DE raised its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 12.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,046,794 shares of the company’s stock after acquiring an additional 221,955 shares during the quarter. Bank of America Corp DE owned about 0.05% of First Trust Managed Municipal ETF worth $103,691,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Frazier Financial Advisors LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the first quarter worth $31,000. PNC Financial Services Group Inc. acquired a new position in First Trust Managed Municipal ETF during the 3rd quarter worth $51,000. Ascentis Independent Advisors acquired a new position in First Trust Managed Municipal ETF during the 1st quarter worth $53,000. Tucker Asset Management LLC purchased a new stake in First Trust Managed Municipal ETF during the 4th quarter worth about $54,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in First Trust Managed Municipal ETF by 38.9% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,250 shares of the company’s stock worth $64,000 after purchasing an additional 350 shares during the period.

First Trust Managed Municipal ETF Trading Up 0.3%

Shares of FMB opened at $50.61 on Friday. First Trust Managed Municipal ETF has a 1 year low of $49.49 and a 1 year high of $52.03. The stock has a 50-day simple moving average of $51.04 and a 200-day simple moving average of $51.18.

First Trust Managed Municipal ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were issued a dividend of $0.157 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a 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.