First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Bought by Good Life Advisors LLC

Good Life Advisors LLC boosted its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 16.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,762 shares of the company’s stock after acquiring an additional 1,660 shares during the period. Good Life Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $608,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. BNP Paribas Arbitrage SA acquired a new stake in shares of First Trust Managed Municipal ETF in the first quarter worth approximately $26,000. CENTRAL TRUST Co lifted its position in First Trust Managed Municipal ETF by 140.1% during the third quarter. CENTRAL TRUST Co now owns 994 shares of the company’s stock valued at $49,000 after buying an additional 580 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the second quarter worth $74,000. NBC Securities Inc. acquired a new position in shares of First Trust Managed Municipal ETF during the 3rd quarter valued at $73,000. Finally, VitalStone Financial LLC purchased a new position in First Trust Managed Municipal ETF in the 2nd quarter worth approximately $88,000.

First Trust Managed Municipal ETF Stock Performance

FMB stock traded down $0.04 during trading on Thursday, reaching $51.36. The stock had a trading volume of 127,173 shares, compared to its average volume of 167,237. The firm has a fifty day moving average price of $51.43 and a 200 day moving average price of $50.50. First Trust Managed Municipal ETF has a 1-year low of $48.08 and a 1-year high of $51.77.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 22nd will be paid a $0.135 dividend. The ex-dividend date is Thursday, March 21st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.15%.

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.