First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 6.3% during the third quarter, HoldingsChannel.com reports. The fund owned 421,410 shares of the company’s stock after purchasing an additional 25,002 shares during the quarter. JPMorgan Chase & Co.’s holdings in First Trust Managed Municipal ETF were worth $21,896,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sanctuary Advisors LLC increased its stake in shares of First Trust Managed Municipal ETF by 8.6% in the third quarter. Sanctuary Advisors LLC now owns 76,918 shares of the company’s stock worth $3,950,000 after buying an additional 6,123 shares during the last quarter. Stock Yards Bank & Trust Co. increased its position in shares of First Trust Managed Municipal ETF by 14.8% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 35,845 shares of the company’s stock worth $1,863,000 after purchasing an additional 4,613 shares during the last quarter. Capstone Capital LLC bought a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter worth about $401,000. Westside Investment Management Inc. raised its stake in shares of First Trust Managed Municipal ETF by 0.5% in the 3rd quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after purchasing an additional 343 shares in the last quarter. Finally, Main Line Retirement Advisors LLC lifted its position in shares of First Trust Managed Municipal ETF by 0.8% during the third quarter. Main Line Retirement Advisors LLC now owns 64,206 shares of the company’s stock worth $3,336,000 after purchasing an additional 527 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $50.92 on Thursday. The stock’s 50 day moving average price is $51.31 and its two-hundred day moving average price is $51.49. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.139 per share. The ex-dividend date of this dividend was 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.