Truist Financial Corp Has $14.80 Million Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Truist Financial Corp grew its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 289,752 shares of the company’s stock after purchasing an additional 5,387 shares during the quarter. Truist Financial Corp owned about 0.75% of First Trust Managed Municipal ETF worth $14,795,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of FMB. Jane Street Group LLC bought a new position in First Trust Managed Municipal ETF during the first quarter valued at about $15,269,000. Cetera Investment Advisers lifted its position in First Trust Managed Municipal ETF by 246.7% in the first quarter. Cetera Investment Advisers now owns 252,562 shares of the company’s stock worth $12,972,000 after purchasing an additional 179,710 shares during the period. Avantax Advisory Services Inc. boosted its stake in First Trust Managed Municipal ETF by 44.5% during the first quarter. Avantax Advisory Services Inc. now owns 524,971 shares of the company’s stock worth $26,963,000 after buying an additional 161,642 shares in the last quarter. Vantage Financial Partners Ltd. Inc. bought a new stake in First Trust Managed Municipal ETF in the 4th quarter valued at $7,348,000. Finally, ARQ Wealth Advisors LLC acquired a new position in shares of First Trust Managed Municipal ETF in the 1st quarter valued at $6,428,000.

First Trust Managed Municipal ETF Stock Down 0.4 %

Shares of FMB stock opened at $51.81 on Friday. The stock’s fifty day simple moving average is $51.77 and its 200 day simple moving average is $51.35. First Trust Managed Municipal ETF has a one year low of $48.08 and a one year high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.139 per share. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Thursday, September 26th.

First Trust Managed Municipal ETF Company 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.