First Trust Managed Municipal ETF (NASDAQ:FMB) Sees Large Volume Increase – What’s Next?

Shares of First Trust Managed Municipal ETF (NASDAQ:FMB) saw an uptick in trading volume on Monday . 316,012 shares were traded during trading, an increase of 99% from the previous session’s volume of 158,907 shares.The stock last traded at $50.55 and had previously closed at $50.48.

First Trust Managed Municipal ETF Trading Up 0.1%

The company has a fifty day moving average price of $51.45 and a 200 day moving average price of $51.22.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be paid a $0.155 dividend. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, March 26th.

Institutional Trading of First Trust Managed Municipal ETF

Several institutional investors and hedge funds have recently made changes to their positions in FMB. Total Investment Management Inc. bought a new position in First Trust Managed Municipal ETF in the second quarter valued at $27,000. Evolution Wealth Management Inc. bought a new position in shares of First Trust Managed Municipal ETF during the 2nd quarter valued at about $27,000. Ameriflex Group Inc. purchased a new position in shares of First Trust Managed Municipal ETF during the 3rd quarter valued at about $40,000. Hazlett Burt & Watson Inc. purchased a new position in shares of First Trust Managed Municipal ETF during the 3rd quarter valued at about $45,000. Finally, PNC Financial Services Group Inc. bought a new stake in First Trust Managed Municipal ETF in the 3rd quarter worth approximately $51,000.

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.