Fifth Third Bancorp Cuts Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Fifth Third Bancorp trimmed its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMBFree Report) by 36.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,778 shares of the company’s stock after selling 1,000 shares during the period. Fifth Third Bancorp’s holdings in First Trust Managed Municipal ETF were worth $90,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tucker Asset Management LLC boosted its stake in First Trust Managed Municipal ETF by 933.3% during the 4th quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock valued at $30,000 after purchasing an additional 532 shares during the last quarter. GAMMA Investing LLC boosted its stake in First Trust Managed Municipal ETF by 4,941.9% during the 1st quarter. GAMMA Investing LLC now owns 1,563 shares of the company’s stock valued at $79,000 after purchasing an additional 1,532 shares during the last quarter. Duncker Streett & Co. Inc. purchased a new stake in First Trust Managed Municipal ETF during the 4th quarter valued at $108,000. NBC Securities Inc. boosted its stake in First Trust Managed Municipal ETF by 119,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,382 shares of the company’s stock valued at $120,000 after purchasing an additional 2,380 shares during the last quarter. Finally, Triumph Capital Management purchased a new stake in First Trust Managed Municipal ETF during the 4th quarter valued at $214,000.

First Trust Managed Municipal ETF Stock Performance

FMB stock opened at $49.80 on Friday. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13. The stock’s fifty day moving average price is $49.68 and its 200-day moving average price is $50.50.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st were paid a $0.142 dividend. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Wednesday, May 21st.

First Trust Managed Municipal ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for First Trust Managed Municipal ETF (NASDAQ:FMB)

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