Fifth Third Bancorp Raises Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Fifth Third Bancorp increased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 177.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,778 shares of the company’s stock after buying an additional 1,778 shares during the quarter. Fifth Third Bancorp’s holdings in First Trust Managed Municipal ETF were worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp raised its position in shares of First Trust Managed Municipal ETF by 1.9% in the 2nd quarter. Truist Financial Corp now owns 289,752 shares of the company’s stock valued at $14,795,000 after purchasing an additional 5,387 shares during the last quarter. Cetera Investment Advisers raised its stake in First Trust Managed Municipal ETF by 7.9% in the 2nd quarter. Cetera Investment Advisers now owns 272,638 shares of the company’s stock worth $13,921,000 after acquiring an additional 20,076 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in First Trust Managed Municipal ETF in the 2nd quarter worth $3,590,000. Inspirion Wealth Advisors LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 4.1% during the third quarter. Inspirion Wealth Advisors LLC now owns 62,223 shares of the company’s stock worth $3,233,000 after purchasing an additional 2,477 shares during the period. Finally, Arkansas Financial Group Inc. raised its position in First Trust Managed Municipal ETF by 0.5% during the 3rd quarter. Arkansas Financial Group Inc. now owns 122,323 shares of the company’s stock worth $6,356,000 after buying an additional 592 shares during the last quarter.

First Trust Managed Municipal ETF Stock Down 0.1 %

FMB stock opened at $51.04 on Friday. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13. The firm’s fifty day simple moving average is $51.17 and its 200-day simple moving average is $51.44.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a $0.14 dividend. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Wednesday, January 22nd.

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.