Raymond James Financial Inc. Purchases Shares of 1,150,312 First Trust Managed Municipal ETF (NASDAQ:FMB)

Raymond James Financial Inc. purchased a new stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the 4th quarter, Holdings Channel.com reports. The firm purchased 1,150,312 shares of the company’s stock, valued at approximately $58,677,000.

Several other institutional investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. purchased a new position in shares of First Trust Managed Municipal ETF in the 4th quarter worth approximately $108,000. Pinnacle Bancorp Inc. lifted its stake in shares of First Trust Managed Municipal ETF by 152.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after acquiring an additional 1,300 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of First Trust Managed Municipal ETF by 177.8% during 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. Dopkins Wealth Management LLC bought a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter worth approximately $201,000. Finally, TrueWealth Advisors LLC bought a new stake in shares of First Trust Managed Municipal ETF during the 4th quarter worth approximately $207,000.

First Trust Managed Municipal ETF Price Performance

Shares of FMB stock opened at $51.21 on Tuesday. 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 50 day moving average price of $51.09 and a 200 day moving average price of $51.39.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, February 21st.

First Trust Managed Municipal ETF Company 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.