First Trust Managed Municipal ETF $FMB Stock: MGO One Seven LLC Increases Position

MGO One Seven LLC grew its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,305 shares of the company’s stock after acquiring an additional 10,128 shares during the period. MGO One Seven LLC’s holdings in First Trust Managed Municipal ETF were worth $5,279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in FMB. Bank of America Corp DE grew its position in shares of First Trust Managed Municipal ETF by 12.2% during the first quarter. Bank of America Corp DE now owns 2,046,794 shares of the company’s stock worth $103,691,000 after purchasing an additional 221,955 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in First Trust Managed Municipal ETF by 16.1% in the 2nd quarter. NewEdge Advisors LLC now owns 497,684 shares of the company’s stock worth $25,565,000 after purchasing an additional 68,875 shares in the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Managed Municipal ETF by 2.1% in the 1st quarter. Cetera Investment Advisers now owns 418,100 shares of the company’s stock worth $21,181,000 after purchasing an additional 8,583 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in First Trust Managed Municipal ETF by 6.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 345,208 shares of the company’s stock worth $17,732,000 after purchasing an additional 21,260 shares in the last quarter. Finally, First Heartland Consultants Inc. bought a new position in First Trust Managed Municipal ETF in the 3rd quarter worth approximately $8,478,000.

First Trust Managed Municipal ETF Stock Performance

FMB stock opened at $49.42 on Tuesday. First Trust Managed Municipal ETF has a 1-year low of $47.38 and a 1-year high of $52.03. The business has a 50 day simple moving average of $48.91 and a two-hundred day simple moving average of $50.58.

First Trust Managed Municipal ETF Announces Dividend

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

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.