NewEdge Advisors LLC Raises Holdings in First Trust Managed Municipal ETF $FMB

NewEdge Advisors LLC grew its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 16.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 497,684 shares of the company’s stock after purchasing an additional 68,875 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $25,565,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. LPL Financial LLC increased its holdings in First Trust Managed Municipal ETF by 8.5% in the 4th quarter. LPL Financial LLC now owns 2,308,525 shares of the company’s stock worth $118,046,000 after buying an additional 181,458 shares in the last quarter. Bank of America Corp DE lifted its stake in First Trust Managed Municipal ETF by 12.2% during the 1st quarter. Bank of America Corp DE now owns 2,046,794 shares of the company’s stock valued at $103,691,000 after acquiring an additional 221,955 shares during the period. UBS Group AG lifted its stake in First Trust Managed Municipal ETF by 1.2% during the 3rd quarter. UBS Group AG now owns 1,798,415 shares of the company’s stock valued at $91,183,000 after acquiring an additional 20,689 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 2.9% during the 2nd quarter. Raymond James Financial Inc. now owns 1,191,423 shares of the company’s stock valued at $59,357,000 after acquiring an additional 34,126 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of First Trust Managed Municipal ETF by 11.3% in the first quarter. Janney Montgomery Scott LLC now owns 468,362 shares of the company’s stock worth $23,727,000 after acquiring an additional 47,710 shares during the period.

First Trust Managed Municipal ETF Trading Down 0.5%

Shares of FMB stock opened at $49.37 on Thursday. The company has a 50 day moving average price of $50.50 and a 200-day moving average price of $50.95. First Trust Managed Municipal ETF has a 52 week low of $49.35 and a 52 week high of $52.03.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were given a $0.158 dividend. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 3.8%.

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.