First Trust Managed Municipal ETF (NASDAQ:FMB) Reaches New 52-Week High at $52.07

First Trust Managed Municipal ETF (NASDAQ:FMB)’s share price hit a new 52-week high on Monday . The stock traded as high as $52.07 and last traded at $52.04, with a volume of 17033 shares trading hands. The stock had previously closed at $52.01.

First Trust Managed Municipal ETF Price Performance

The stock’s 50 day moving average is $51.58 and its two-hundred day moving average is $51.30.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.138 per share. The ex-dividend date was Wednesday, August 21st. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14.

Hedge Funds Weigh In On First Trust Managed Municipal ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avestar Capital LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 17.7% in the 4th quarter. Avestar Capital LLC now owns 24,870 shares of the company’s stock worth $1,285,000 after acquiring an additional 3,738 shares in the last quarter. Keystone Financial Group grew its holdings in shares of First Trust Managed Municipal ETF by 17.2% during the fourth quarter. Keystone Financial Group now owns 31,097 shares of the company’s stock worth $1,607,000 after purchasing an additional 4,574 shares during the last quarter. MGO One Seven LLC increased its stake in shares of First Trust Managed Municipal ETF by 7.4% in the fourth quarter. MGO One Seven LLC now owns 92,033 shares of the company’s stock valued at $4,755,000 after buying an additional 6,302 shares in the last quarter. Core Wealth Partners LLC bought a new position in shares of First Trust Managed Municipal ETF in the first quarter valued at about $371,000. Finally, HCR Wealth Advisors lifted its position in First Trust Managed Municipal ETF by 85.4% during the 4th quarter. HCR Wealth Advisors now owns 8,344 shares of the company’s stock worth $431,000 after buying an additional 3,844 shares in the last quarter.

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.