Fifth Third Bancorp Has $4.40 Million Stock Holdings in First Trust Managed Municipal ETF $FMB

Fifth Third Bancorp raised its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3,413.5% during the first quarter, Holdings Channel reports. The institutional investor owned 86,924 shares of the company’s stock after buying an additional 84,450 shares during the quarter. Fifth Third Bancorp’s holdings in First Trust Managed Municipal ETF were worth $4,404,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. PNC Financial Services Group Inc. bought a new stake in shares of First Trust Managed Municipal ETF during the third quarter worth about $51,000. Ascentis Independent Advisors acquired a new position in First Trust Managed Municipal ETF during the 1st quarter valued at about $53,000. Tucker Asset Management LLC bought a new stake in First Trust Managed Municipal ETF during the 4th quarter worth approximately $54,000. Hazlett Burt & Watson Inc. increased its holdings in First Trust Managed Municipal ETF by 38.9% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,250 shares of the company’s stock worth $64,000 after purchasing an additional 350 shares in the last quarter. Finally, Basepoint Wealth LLC bought a new stake in First Trust Managed Municipal ETF during the 4th quarter worth approximately $105,000.

First Trust Managed Municipal ETF Price Performance

Shares of First Trust Managed Municipal ETF stock opened at $51.05 on Friday. First Trust Managed Municipal ETF has a 52 week low of $49.28 and a 52 week high of $52.03. The business has a 50 day moving average price of $51.17 and a 200-day moving average price of $51.27.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.157 per share. This represents a c) annualized dividend and a yield of 3.7%. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16. The ex-dividend date was Thursday, June 25th.

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.