Quad Cities Investment Group LLC Boosts Stake in First Trust Managed Municipal ETF (FMB)

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Quad Cities Investment Group LLC lifted its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 9.7% during the third quarter, Holdings Channel reports. The fund owned 12,932 shares of the company’s stock after purchasing an additional 1,139 shares during the quarter. Quad Cities Investment Group LLC’s holdings in First Trust Managed Municipal ETF were worth $675,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FMB. Northwest Wealth Management LLC increased its stake in shares of First Trust Managed Municipal ETF by 513.8% in the second quarter. Northwest Wealth Management LLC now owns 2,179 shares of the company’s stock worth $115,000 after acquiring an additional 1,824 shares during the last quarter. Signet Financial Management LLC acquired a new position in First Trust Managed Municipal ETF during the second quarter worth $121,000. Winslow Evans & Crocker Inc. increased its position in First Trust Managed Municipal ETF by 100.0% during the third quarter. Winslow Evans & Crocker Inc. now owns 2,800 shares of the company’s stock worth $148,000 after buying an additional 1,400 shares during the last quarter. Wealthsource Partners LLC acquired a new position in First Trust Managed Municipal ETF during the second quarter worth $215,000. Finally, Stifel Financial Corp increased its position in First Trust Managed Municipal ETF by 50.4% during the first quarter. Stifel Financial Corp now owns 5,875 shares of the company’s stock worth $309,000 after buying an additional 1,968 shares during the last quarter.

First Trust Managed Municipal ETF stock traded down $0.03 during mid-day trading on Thursday, hitting $51.90. 900 shares of the company’s stock were exchanged, compared to its average volume of 55,973. First Trust Managed Municipal ETF has a 1-year low of $51.85 and a 1-year high of $53.82.

The firm also recently announced a monthly dividend, which was paid on Friday, September 28th. Shareholders of record on Monday, September 17th were given a dividend of $0.1125 per share. This represents a $1.35 annualized dividend and a yield of 2.60%. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.11. The ex-dividend date was Friday, September 14th.

See Also: Initial Public Offering (IPO)

Want to see what other hedge funds are holding FMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Managed Municipal ETF (NASDAQ:FMB).

Institutional Ownership by Quarter for First Trust Managed Municipal ETF (NASDAQ:FMB)

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