Waverly Advisors LLC Grows Stake in First Trust Managed Municipal ETF $FMB

Waverly Advisors LLC grew its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 35.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,519 shares of the company’s stock after acquiring an additional 16,467 shares during the quarter. Waverly Advisors LLC owned about 0.16% of First Trust Managed Municipal ETF worth $3,218,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. TrueWealth Financial Partners purchased a new stake in First Trust Managed Municipal ETF during the 4th quarter valued at about $12,720,000. Jane Street Group LLC raised its holdings in First Trust Managed Municipal ETF by 2,668.1% in the first quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock worth $9,557,000 after buying an additional 182,683 shares during the last quarter. LPL Financial LLC raised its holdings in First Trust Managed Municipal ETF by 8.5% in the fourth 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 during the last quarter. Composition Wealth LLC lifted its stake in shares of First Trust Managed Municipal ETF by 8.7% in the fourth quarter. Composition Wealth LLC now owns 1,163,045 shares of the company’s stock worth $59,472,000 after buying an additional 92,945 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of First Trust Managed Municipal ETF by 3,413.5% in the first quarter. Fifth Third Bancorp now owns 86,924 shares of the company’s stock worth $4,404,000 after buying an additional 84,450 shares in the last quarter.

First Trust Managed Municipal ETF Trading Down 0.2%

NASDAQ:FMB opened at $50.39 on Thursday. The company’s 50 day moving average price is $51.10 and its 200-day moving average price is $51.23. First Trust Managed Municipal ETF has a 52 week low of $49.36 and a 52 week high of $52.03.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be given a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a c) annualized dividend and a yield of 3.7%.

First Trust Managed Municipal ETF Profile

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.