First Trust Managed Municipal ETF (NASDAQ:FMB) Sees Large Volume Increase

Shares of First Trust Managed Municipal ETF (NASDAQ:FMB) saw unusually-high trading volume on Wednesday . Approximately 157,626 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 152,407 shares.The stock last traded at $52.00 and had previously closed at $52.04.

First Trust Managed Municipal ETF Stock Down 0.2 %

The company’s 50 day moving average price is $51.67 and its two-hundred day moving average price is $51.32.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were given a $0.138 dividend. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Wednesday, August 21st.

Institutional Investors Weigh In On First Trust Managed Municipal ETF

Hedge funds have recently added to or reduced their stakes in the business. Avestar Capital LLC raised its stake in First Trust Managed Municipal ETF by 17.7% in the 4th quarter. Avestar Capital LLC now owns 24,870 shares of the company’s stock valued at $1,285,000 after purchasing an additional 3,738 shares during the last quarter. MGO One Seven LLC grew its stake in First Trust Managed Municipal ETF by 7.4% during the 4th quarter. MGO One Seven LLC now owns 92,033 shares of the company’s stock valued at $4,755,000 after acquiring an additional 6,302 shares in the last quarter. Core Wealth Partners LLC acquired a new stake in First Trust Managed Municipal ETF in the 1st quarter valued at about $371,000. &PARTNERS lifted its position in First Trust Managed Municipal ETF by 9.9% during the second quarter. &PARTNERS now owns 21,950 shares of the company’s stock worth $1,121,000 after buying an additional 1,979 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of First Trust Managed Municipal ETF during the 2nd quarter valued at about $51,000.

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.