First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Purchased by Truist Financial Corp

Truist Financial Corp boosted its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 319,710 shares of the company’s stock after purchasing an additional 6,564 shares during the quarter. Truist Financial Corp owned about 0.81% of First Trust Managed Municipal ETF worth $16,308,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FMB. Hedeker Wealth LLC increased its stake in shares of First Trust Managed Municipal ETF by 53.3% in the 4th quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock worth $2,717,000 after acquiring an additional 18,519 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of First Trust Managed Municipal ETF in the 4th quarter worth $249,000. JPMorgan Chase & Co. increased its stake in shares of First Trust Managed Municipal ETF by 6.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after acquiring an additional 25,002 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of First Trust Managed Municipal ETF by 177.8% in the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after acquiring an additional 1,778 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter worth $1,555,000.

First Trust Managed Municipal ETF Stock Up 0.3 %

Shares of FMB opened at $51.18 on Thursday. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13. The stock has a fifty day simple moving average of $51.01 and a two-hundred day simple moving average of $51.42.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.