Good Life Advisors LLC Purchases Shares of 8,293 First Trust Managed Municipal ETF (NASDAQ:FMB)

Good Life Advisors LLC acquired a new position in First Trust Managed Municipal ETF (NASDAQ:FMB) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,293 shares of the company’s stock, valued at approximately $420,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Arbitrage SA acquired a new position in shares of First Trust Managed Municipal ETF during the 1st quarter valued at $26,000. Glassman Wealth Services purchased a new stake in shares of First Trust Managed Municipal ETF in the first quarter worth about $28,000. IAG Wealth Partners LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the first quarter valued at about $31,000. Harbor Investment Advisory LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the 1st quarter valued at about $38,000. Finally, Sound Income Strategies LLC acquired a new position in First Trust Managed Municipal ETF during the 2nd quarter worth approximately $40,000.

First Trust Managed Municipal ETF Stock Up 0.1 %

Shares of NASDAQ:FMB opened at $50.01 on Tuesday. The company has a 50 day moving average of $50.33 and a two-hundred day moving average of $50.55. First Trust Managed Municipal ETF has a 52-week low of $48.07 and a 52-week high of $51.63.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, August 31st. Stockholders of record on Wednesday, August 23rd were paid a $0.1275 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $1.53 annualized dividend and a dividend yield of 3.06%.

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.