First Trust Managed Municipal ETF (NASDAQ:FMB) to Issue Dividend Increase – $0.13 Per Share

First Trust Managed Municipal ETF (NASDAQ:FMBGet Rating) declared a monthly dividend on Monday, January 23rd, Zacks reports. Shareholders of record on Wednesday, January 25th will be paid a dividend of 0.126 per share on Tuesday, January 31st. This represents a $1.51 annualized dividend and a yield of 2.95%. The ex-dividend date is Tuesday, January 24th. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.12.

First Trust Managed Municipal ETF Stock Up 0.0 %

First Trust Managed Municipal ETF stock opened at $51.31 on Wednesday. The stock’s 50 day moving average is $50.52 and its 200 day moving average is $50.26. First Trust Managed Municipal ETF has a one year low of $48.07 and a one year high of $56.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG lifted its holdings in First Trust Managed Municipal ETF by 15.3% in the first quarter. UBS Group AG now owns 2,101,471 shares of the company’s stock valued at $111,504,000 after buying an additional 279,580 shares during the period. Royal Bank of Canada lifted its stake in shares of First Trust Managed Municipal ETF by 1.4% in the 1st quarter. Royal Bank of Canada now owns 769,197 shares of the company’s stock valued at $40,814,000 after purchasing an additional 10,869 shares during the period. Jane Street Group LLC bought a new stake in shares of First Trust Managed Municipal ETF during the 1st quarter valued at about $22,555,000. GM Advisory Group Inc. grew its stake in First Trust Managed Municipal ETF by 10.6% during the first quarter. GM Advisory Group Inc. now owns 335,187 shares of the company’s stock worth $17,785,000 after purchasing an additional 32,252 shares during the period. Finally, Flow Traders U.S. LLC increased its holdings in First Trust Managed Municipal ETF by 686.3% in the first quarter. Flow Traders U.S. LLC now owns 190,095 shares of the company’s stock worth $10,086,000 after purchasing an additional 165,919 shares in the last quarter.

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Dividend History for First Trust Managed Municipal ETF (NASDAQ:FMB)

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