36,464 Shares of First Trust Managed Municipal ETF $FMB Purchased by Sigma Planning Corp

Sigma Planning Corp purchased a new stake in First Trust Managed Municipal ETF (NASDAQ:FMB) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 36,464 shares of the company’s stock, valued at approximately $1,747,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Continuum Advisory LLC bought a new stake in First Trust Managed Municipal ETF during the second quarter worth about $29,000. Frazier Financial Advisors LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the first quarter worth approximately $31,000. PFS Partners LLC increased its holdings in shares of First Trust Managed Municipal ETF by 279.6% during the third quarter. PFS Partners LLC now owns 706 shares of the company’s stock worth $34,000 after buying an additional 520 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of First Trust Managed Municipal ETF in the first quarter valued at approximately $53,000. Finally, Legacy Wealth Managment LLC ID raised its stake in shares of First Trust Managed Municipal ETF by 339.0% in the first quarter. Legacy Wealth Managment LLC ID now owns 1,374 shares of the company’s stock valued at $70,000 after acquiring an additional 1,061 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of FMB opened at $49.17 on Thursday. First Trust Managed Municipal ETF has a one year low of $47.38 and a one year high of $52.03. The business’s 50 day simple moving average is $48.97 and its 200-day simple moving average is $50.61.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 21st will be issued a dividend of $0.1590 per share. This represents a $1.91 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 21st.

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.