Hilton Head Capital Partners LLC Takes $675,000 Position in First Trust Managed Municipal ETF $FMB

Hilton Head Capital Partners LLC acquired a new stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,203 shares of the company’s stock, valued at approximately $675,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its position in First Trust Managed Municipal ETF by 2,668.1% during the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock worth $9,557,000 after purchasing an additional 182,683 shares during the period. Baird Financial Group Inc. increased its position in First Trust Managed Municipal ETF by 0.9% during the 2nd quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock worth $1,544,000 after purchasing an additional 266 shares during the period. Qube Research & Technologies Ltd acquired a new position in First Trust Managed Municipal ETF during the 2nd quarter worth approximately $125,000. Main Street Financial Solutions LLC acquired a new position in First Trust Managed Municipal ETF during the 2nd quarter worth approximately $805,000. Finally, Raymond James Financial Inc. increased its position in First Trust Managed Municipal ETF by 2.9% during the 2nd quarter. Raymond James Financial Inc. now owns 1,191,423 shares of the company’s stock worth $59,357,000 after purchasing an additional 34,126 shares during the period.

First Trust Managed Municipal ETF Stock Performance

NASDAQ FMB opened at $51.25 on Monday. The business’s 50 day moving average is $51.02 and its two-hundred day moving average is $51.23. First Trust Managed Municipal ETF has a 12-month low of $49.28 and a 12-month high of $52.03.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were issued a $0.156 dividend. The ex-dividend date was Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

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.