Bank of New York Mellon Corp Acquires 5,574 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Bank of New York Mellon Corp boosted its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 209,281 shares of the company’s stock after purchasing an additional 5,574 shares during the period. Bank of New York Mellon Corp owned approximately 0.53% of First Trust Managed Municipal ETF worth $10,675,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. LPL Financial LLC raised its holdings in shares of First Trust Managed Municipal ETF by 6.9% during the third quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock valued at $130,283,000 after acquiring an additional 162,331 shares in the last quarter. Brady Martz Wealth Solutions LLC bought a new position in First Trust Managed Municipal ETF in the 4th quarter worth $6,440,000. Golden State Wealth Management LLC purchased a new stake in shares of First Trust Managed Municipal ETF in the 4th quarter worth about $3,560,000. Elios Financial Group Inc. bought a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter valued at about $3,602,000. Finally, Janney Montgomery Scott LLC increased its position in shares of First Trust Managed Municipal ETF by 15.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 308,349 shares of the company’s stock valued at $15,729,000 after buying an additional 40,338 shares during the period.

First Trust Managed Municipal ETF Stock Down 0.0 %

First Trust Managed Municipal ETF stock opened at $50.86 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13. The stock’s 50 day simple moving average is $51.08 and its two-hundred day simple moving average is $51.38.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.14 per share. The ex-dividend date was Friday, February 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.