Capital Financial Group Inc. Co. ADV Invests $2.86 Million in First Trust Managed Municipal ETF $FMB

Capital Financial Group Inc. Co. ADV bought a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 55,950 shares of the company’s stock, valued at approximately $2,861,000. First Trust Managed Municipal ETF comprises approximately 1.6% of Capital Financial Group Inc. Co. ADV’s investment portfolio, making the stock its 18th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in FMB. Jane Street Group LLC lifted its position in shares of First Trust Managed Municipal ETF by 2,668.1% during the first quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock worth $9,557,000 after purchasing an additional 182,683 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of First Trust Managed Municipal ETF by 0.9% during the second quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock worth $1,544,000 after purchasing an additional 266 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of First Trust Managed Municipal ETF during the second quarter worth $125,000. Main Street Financial Solutions LLC bought a new stake in shares of First Trust Managed Municipal ETF during the second quarter worth $805,000. Finally, Raymond James Financial Inc. lifted its position in shares of First Trust Managed Municipal ETF by 2.9% during the second quarter. Raymond James Financial Inc. now owns 1,191,423 shares of the company’s stock worth $59,357,000 after purchasing an additional 34,126 shares during the last quarter.

First Trust Managed Municipal ETF Trading Up 0.1%

NASDAQ:FMB opened at $51.29 on Tuesday. First Trust Managed Municipal ETF has a twelve month low of $49.28 and a twelve month high of $52.03. The stock has a fifty day simple moving average of $51.10 and a 200-day simple moving average of $51.23.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were paid a $0.156 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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.