Jane Street Group LLC Buys Shares of 29,930 First Trust Managed Municipal ETF (NASDAQ:FMB)

Jane Street Group LLC purchased a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 29,930 shares of the company’s stock, valued at approximately $1,555,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stifel Financial Corp boosted its position in shares of First Trust Managed Municipal ETF by 5.4% during the 3rd quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock worth $17,186,000 after acquiring an additional 16,894 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in First Trust Managed Municipal ETF by 13.4% in the third quarter. IHT Wealth Management LLC now owns 13,100 shares of the company’s stock valued at $681,000 after purchasing an additional 1,547 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in First Trust Managed Municipal ETF by 24.2% in the third quarter. Integrated Wealth Concepts LLC now owns 35,272 shares of the company’s stock valued at $1,833,000 after purchasing an additional 6,873 shares during the last quarter. Benjamin Edwards Inc. increased its stake in First Trust Managed Municipal ETF by 395.8% in the third quarter. Benjamin Edwards Inc. now owns 25,607 shares of the company’s stock valued at $1,331,000 after purchasing an additional 20,442 shares during the last quarter. Finally, Freedom Investment Management Inc. raised its holdings in First Trust Managed Municipal ETF by 2.2% during the third quarter. Freedom Investment Management Inc. now owns 33,604 shares of the company’s stock worth $1,746,000 after purchasing an additional 713 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of First Trust Managed Municipal ETF stock opened at $50.85 on Friday. The company has a fifty day simple moving average of $51.37 and a 200-day simple moving average of $51.51. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.139 dividend. The ex-dividend date is Friday, December 13th.

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.