OLD Mission Capital LLC Makes New Investment in First Trust Managed Municipal ETF (NASDAQ:FMB)

OLD Mission Capital LLC bought a new position in First Trust Managed Municipal ETF (NASDAQ:FMB) during the 4th quarter, Holdings Channel reports. The fund bought 62,888 shares of the company’s stock, valued at approximately $3,208,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Townsquare Capital LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter valued at about $545,000. Benjamin Edwards Inc. boosted its holdings in First Trust Managed Municipal ETF by 395.8% during the third quarter. Benjamin Edwards Inc. now owns 25,607 shares of the company’s stock valued at $1,331,000 after purchasing an additional 20,442 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in First Trust Managed Municipal ETF by 24.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 35,272 shares of the company’s stock valued at $1,833,000 after buying an additional 6,873 shares in the last quarter. IHT Wealth Management LLC grew its holdings in shares of First Trust Managed Municipal ETF by 13.4% in the 3rd quarter. IHT Wealth Management LLC now owns 13,100 shares of the company’s stock worth $681,000 after purchasing an additional 1,547 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of First Trust Managed Municipal ETF by 5.4% during the third quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock worth $17,186,000 after buying an additional 16,894 shares in the last quarter.

First Trust Managed Municipal ETF Stock Up 0.4 %

Shares of FMB opened at $50.63 on Wednesday. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13. The stock’s fifty day simple moving average is $51.03 and its 200-day simple moving average is $51.27.

First Trust Managed Municipal ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 27th.

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.