Oppenheimer & Co. Inc. Acquires 15,086 Shares of First Trust Managed Municipal ETF $FMB

Oppenheimer & Co. Inc. increased its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 201.2% in the 4th quarter, HoldingsChannel reports. The fund owned 22,584 shares of the company’s stock after acquiring an additional 15,086 shares during the period. Oppenheimer & Co. Inc.’s holdings in First Trust Managed Municipal ETF were worth $1,155,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. lifted its stake in shares of First Trust Managed Municipal ETF by 7.8% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,752 shares of the company’s stock valued at $140,000 after purchasing an additional 200 shares during the last quarter. Stonehaven Wealth & Tax Solutions LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 4.3% in the 3rd quarter. Stonehaven Wealth & Tax Solutions LLC now owns 4,800 shares of the company’s stock worth $243,000 after purchasing an additional 200 shares during the period. Financial Strategies Group Inc. increased its position in shares of First Trust Managed Municipal ETF by 1.2% during the 3rd quarter. Financial Strategies Group Inc. now owns 17,855 shares of the company’s stock valued at $914,000 after purchasing an additional 220 shares during the last quarter. First Trust Advisors LP increased its position in shares of First Trust Managed Municipal ETF by 1.7% during the 3rd quarter. First Trust Advisors LP now owns 13,099 shares of the company’s stock valued at $664,000 after purchasing an additional 220 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its holdings in First Trust Managed Municipal ETF by 3.0% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 9,207 shares of the company’s stock valued at $467,000 after buying an additional 264 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB opened at $51.19 on Thursday. The business has a fifty day moving average of $51.20 and a 200 day moving average of $51.26. First Trust Managed Municipal ETF has a 52-week low of $49.28 and a 52-week high of $52.03.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were issued a $0.156 dividend. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Tuesday, April 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.