Seascape Capital Management Acquires 17,000 Shares of First Trust Managed Municipal ETF $FMB

Seascape Capital Management raised its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 36.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,250 shares of the company’s stock after acquiring an additional 17,000 shares during the quarter. Seascape Capital Management owned approximately 0.17% of First Trust Managed Municipal ETF worth $3,285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Miracle Mile Advisors LLC grew its position in First Trust Managed Municipal ETF by 50.3% in the third quarter. Miracle Mile Advisors LLC now owns 1,070,100 shares of the company’s stock worth $54,256,000 after acquiring an additional 358,121 shares in the last quarter. Jane Street Group LLC lifted its stake in First Trust Managed Municipal ETF by 2,668.1% in the first 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 last quarter. Thrivent Financial for Lutherans lifted its stake in First Trust Managed Municipal ETF by 928.8% in the third quarter. Thrivent Financial for Lutherans now owns 126,062 shares of the company’s stock worth $6,391,000 after purchasing an additional 113,809 shares during the last quarter. Frisch Financial Group Inc. lifted its stake in First Trust Managed Municipal ETF by 35.6% in the third quarter. Frisch Financial Group Inc. now owns 288,013 shares of the company’s stock worth $14,603,000 after purchasing an additional 75,648 shares during the last quarter. Finally, Avantax Planning Partners Inc. lifted its stake in First Trust Managed Municipal ETF by 7.6% in the third quarter. Avantax Planning Partners Inc. now owns 899,949 shares of the company’s stock worth $45,629,000 after purchasing an additional 63,619 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB opened at $50.93 on Wednesday. First Trust Managed Municipal ETF has a 1 year low of $48.19 and a 1 year high of $52.03. The firm has a 50-day simple moving average of $51.38 and a two-hundred day simple moving average of $51.22.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.155 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a c) annualized dividend and a yield of 3.7%.

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.