Inspirion Wealth Advisors LLC Invests $3.42 Million in First Trust Managed Municipal ETF (NASDAQ:FMB)
Inspirion Wealth Advisors LLC purchased a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 70,010 shares of the company’s stock, valued at approximately $3,422,000. First Trust Managed Municipal ETF makes up about 0.7% of Inspirion Wealth Advisors LLC’s investment portfolio, making the stock its 27th largest position. Inspirion Wealth Advisors LLC owned 0.19% of First Trust Managed Municipal ETF at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the business. UBS Group AG raised its stake in First Trust Managed Municipal ETF by 15.3% in the 1st quarter. UBS Group AG now owns 2,101,471 shares of the company’s stock worth $111,504,000 after acquiring an additional 279,580 shares during the last quarter. LPL Financial LLC raised its stake in First Trust Managed Municipal ETF by 2.3% in the 2nd quarter. LPL Financial LLC now owns 2,034,423 shares of the company’s stock worth $103,105,000 after acquiring an additional 46,498 shares during the last quarter. Bank of America Corp DE raised its stake in First Trust Managed Municipal ETF by 4.9% in the 1st quarter. Bank of America Corp DE now owns 1,616,300 shares of the company’s stock worth $82,327,000 after acquiring an additional 75,075 shares during the last quarter. Royal Bank of Canada raised its stake in 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 worth $40,814,000 after acquiring an additional 10,869 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in First Trust Managed Municipal ETF by 11,438.7% in the 4th quarter. Jane Street Group LLC now owns 756,480 shares of the company’s stock worth $37,907,000 after acquiring an additional 749,924 shares during the last quarter.
First Trust Managed Municipal ETF Stock Performance
FMB stock traded up $0.04 during midday trading on Wednesday, reaching $51.50. The stock had a trading volume of 42,405 shares, compared to its average volume of 218,776. The firm has a fifty day simple moving average of $49.64 and a two-hundred day simple moving average of $49.99. First Trust Managed Municipal ETF has a 52-week low of $48.08 and a 52-week high of $51.63.
First Trust Managed Municipal ETF Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd were paid a dividend of $0.1275 per share. The ex-dividend date was Tuesday, November 21st. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.97%.
About First Trust Managed Municipal ETF (Free Report)
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.
Recommended Stories
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 – Free Report).
NASDAQ: FMB” width=”650″ height=”350″ loading=”lazy”>
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider First Trust Managed Municipal ETF, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and First Trust Managed Municipal ETF wasn’t on the list.
While First Trust Managed Municipal ETF currently has a “hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Wondering when you’ll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.