Raymond James & Associates Has $19.75 Million Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Raymond James & Associates lessened its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380,003 shares of the company’s stock after selling 1,764 shares during the quarter. Raymond James & Associates’ holdings in First Trust Managed Municipal ETF were worth $19,745,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Core Wealth Partners LLC purchased a new position in First Trust Managed Municipal ETF during the first quarter valued at approximately $371,000. &PARTNERS boosted its stake in shares of First Trust Managed Municipal ETF by 9.9% during the 2nd quarter. &PARTNERS now owns 21,950 shares of the company’s stock valued at $1,121,000 after buying an additional 1,979 shares during the period. Fifth Third Bancorp purchased a new position in shares of First Trust Managed Municipal ETF during the 2nd quarter valued at $51,000. NewEdge Advisors LLC increased its stake in shares of First Trust Managed Municipal ETF by 39.3% in the second quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock worth $12,084,000 after acquiring an additional 66,762 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of First Trust Managed Municipal ETF by 3.8% in the first quarter. Ameritas Investment Partners Inc. now owns 8,899 shares of the company’s stock worth $457,000 after acquiring an additional 327 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

FMB opened at $51.15 on Friday. The stock has a fifty day moving average price of $51.75 and a 200 day moving average price of $51.37. First Trust Managed Municipal ETF has a 1 year low of $48.08 and a 1 year high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd will be issued a dividend of $0.139 per share. The ex-dividend date is Tuesday, October 22nd.

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.