Northwestern Mutual Wealth Management Co. Purchases 32,370 Shares of First Trust Managed Municipal ETF $FMB

Northwestern Mutual Wealth Management Co. boosted its position in First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) by 15.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 237,535 shares of the company’s stock after purchasing an additional 32,370 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in First Trust Managed Municipal ETF were worth $12,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new stake in First Trust Managed Municipal ETF in the third quarter worth about $40,000. Hazlett Burt & Watson Inc. purchased a new position in shares of First Trust Managed Municipal ETF during the third quarter worth approximately $45,000. PNC Financial Services Group Inc. purchased a new position in shares of First Trust Managed Municipal ETF during the third quarter worth approximately $51,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Managed Municipal ETF during the fourth quarter worth approximately $126,000. Finally, Fifth Third Bancorp increased its position in shares of First Trust Managed Municipal ETF by 39.1% during the third quarter. Fifth Third Bancorp now owns 2,474 shares of the company’s stock worth $125,000 after acquiring an additional 696 shares during the period.

First Trust Managed Municipal ETF Stock Down 0.3%

Shares of NASDAQ:FMB opened at $50.63 on Friday. The firm’s 50 day simple moving average is $51.03 and its 200-day simple moving average is $51.24. First Trust Managed Municipal ETF has a one year low of $49.28 and a one year high of $52.03.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.156 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

First Trust Managed Municipal ETF Company Profile

(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.

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