Saxon Interests Inc. Invests $504,000 in First Trust Managed Municipal ETF (NASDAQ:FMB)

Saxon Interests Inc. purchased a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,749 shares of the company’s stock, valued at approximately $504,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Equitable Holdings Inc. increased its stake in First Trust Managed Municipal ETF by 8.3% in the first quarter. Equitable Holdings Inc. now owns 82,424 shares of the company’s stock valued at $4,373,000 after purchasing an additional 6,333 shares in the last quarter. High Net Worth Advisory Group LLC increased its stake in First Trust Managed Municipal ETF by 144.8% in the first quarter. High Net Worth Advisory Group LLC now owns 14,666 shares of the company’s stock valued at $778,000 after purchasing an additional 8,676 shares in the last quarter. Flow Traders U.S. LLC increased its stake in First Trust Managed Municipal ETF by 686.3% in the first quarter. Flow Traders U.S. LLC now owns 190,095 shares of the company’s stock valued at $10,086,000 after purchasing an additional 165,919 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of First Trust Managed Municipal ETF during the first quarter worth $556,000. Finally, GM Advisory Group Inc. increased its position in shares of First Trust Managed Municipal ETF by 10.6% during the first quarter. GM Advisory Group Inc. now owns 335,187 shares of the company’s stock worth $17,785,000 after acquiring an additional 32,252 shares in the last quarter.

First Trust Managed Municipal ETF Stock Down 0.1 %

Shares of FMB stock traded down $0.04 during trading hours on Friday, hitting $51.36. 127,173 shares of the company were exchanged, compared to its average volume of 167,237. The business has a 50 day moving average of $51.43 and a two-hundred day moving average of $50.51. First Trust Managed Municipal ETF has a 52 week low of $48.08 and a 52 week high of $51.77.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a dividend of $0.135 per share. This represents a $1.62 annualized dividend and a yield of 3.15%. The ex-dividend date was Thursday, March 21st.

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.