First Trust Managed Municipal ETF (NASDAQ:FMB) Sees Strong Trading Volume – Should You Buy?

First Trust Managed Municipal ETF (NASDAQ:FMB) saw an uptick in trading volume on Thursday . 421,729 shares changed hands during trading, an increase of 171% from the previous session’s volume of 155,424 shares.The stock last traded at $51.89 and had previously closed at $51.97.

First Trust Managed Municipal ETF Trading Up 0.1 %

The firm has a 50-day moving average of $51.53 and a two-hundred day moving average of $51.46.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were given a dividend of $0.139 per share. The ex-dividend date of this dividend was Thursday, November 21st.

Institutional Trading of First Trust Managed Municipal ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. &PARTNERS increased its position in shares of First Trust Managed Municipal ETF by 9.9% in the second quarter. &PARTNERS now owns 21,950 shares of the company’s stock valued at $1,121,000 after buying an additional 1,979 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of First Trust Managed Municipal ETF in the second quarter valued at approximately $51,000. NewEdge Advisors LLC increased its position in shares of First Trust Managed Municipal ETF by 39.3% in the second quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock valued at $12,084,000 after buying an additional 66,762 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of First Trust Managed Municipal ETF by 3.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 128,018 shares of the company’s stock valued at $6,537,000 after buying an additional 4,313 shares in the last quarter. Finally, HFG Wealth Management LLC boosted its stake in shares of First Trust Managed Municipal ETF by 1.8% in the second quarter. HFG Wealth Management LLC now owns 51,836 shares of the company’s stock worth $2,647,000 after acquiring an additional 902 shares during the last quarter.

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.