XML Financial LLC Buys 212,746 Shares of First Trust Managed Municipal ETF $FMB

XML Financial LLC bought a new stake in First Trust Managed Municipal ETF (NASDAQ:FMB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 212,746 shares of the company’s stock, valued at approximately $10,182,000.

A number of other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in First Trust Managed Municipal ETF by 12.2% in the 1st quarter. Bank of America Corp DE now owns 2,046,794 shares of the company’s stock worth $103,691,000 after acquiring an additional 221,955 shares during the last quarter. NewEdge Advisors LLC raised its stake in First Trust Managed Municipal ETF by 16.1% in the 2nd quarter. NewEdge Advisors LLC now owns 497,684 shares of the company’s stock valued at $25,565,000 after acquiring an additional 68,875 shares during the period. Cetera Investment Advisers raised its stake in First Trust Managed Municipal ETF by 2.1% in the 1st quarter. Cetera Investment Advisers now owns 418,100 shares of the company’s stock valued at $21,181,000 after acquiring an additional 8,583 shares during the period. Envestnet Asset Management Inc. raised its stake in First Trust Managed Municipal ETF by 6.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 345,208 shares of the company’s stock valued at $17,732,000 after acquiring an additional 21,260 shares during the period. Finally, Vise Technologies Inc. lifted its holdings in First Trust Managed Municipal ETF by 16.9% during the third quarter. Vise Technologies Inc. now owns 198,683 shares of the company’s stock valued at $9,509,000 after purchasing an additional 28,790 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $49.42 on Tuesday. First Trust Managed Municipal ETF has a 52 week low of $47.38 and a 52 week high of $52.03. The firm’s 50-day simple moving average is $48.91 and its two-hundred day simple moving average is $50.58.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were paid a $0.1590 dividend. The ex-dividend date was Wednesday, October 21st. This represents a $1.91 annualized dividend and a dividend yield of 3.9%.

First Trust Managed Municipal ETF 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.