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

Seascape Capital Management grew its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 36.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 64,250 shares of the company’s stock after acquiring an additional 17,000 shares during the period. Seascape Capital Management’s holdings in First Trust Managed Municipal ETF were worth $3,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. UBS Group AG raised its stake in shares of First Trust Managed Municipal ETF by 1.2% during the third quarter. UBS Group AG now owns 1,798,415 shares of the company’s stock valued at $91,183,000 after acquiring an additional 20,689 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of First Trust Managed Municipal ETF by 2.9% during the second quarter. Raymond James Financial Inc. now owns 1,191,423 shares of the company’s stock valued at $59,357,000 after acquiring an additional 34,126 shares in the last quarter. Miracle Mile Advisors LLC raised its stake in shares of First Trust Managed Municipal ETF by 50.3% during the third quarter. Miracle Mile Advisors LLC now owns 1,070,100 shares of the company’s stock valued at $54,256,000 after acquiring an additional 358,121 shares in the last quarter. Avantax Planning Partners Inc. raised its stake in shares of First Trust Managed Municipal ETF by 7.6% during the third quarter. Avantax Planning Partners Inc. now owns 899,949 shares of the company’s stock valued at $45,629,000 after acquiring an additional 63,619 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its stake in First Trust Managed Municipal ETF by 0.8% in the third quarter. OneDigital Investment Advisors LLC now owns 558,418 shares of the company’s stock worth $28,313,000 after buying an additional 4,499 shares in 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 52 week low of $48.19 and a 52 week high of $52.03. The firm has a 50 day moving average of $51.38 and a 200 day moving average of $51.22.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Investors 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) dividend on an annualized basis and a yield of 3.7%.

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.