Bank Of America Corp DE Purchases 423,501 Shares Of First Trust Managed Municipal ETF

First Trust Managed Municipal ETF logoBank of America Corp DE boosted its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 19.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,610,936 shares of the company’s stock after acquiring an additional 423,501 shares during the period. Bank of America Corp DE owned 6.28% of First Trust Managed Municipal ETF worth $149,555,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. Increased its stake in First Trust Managed Municipal ETF by 49.8% during the 2nd quarter. Oppenheimer & Co. Inc. Now owns 18,719 shares of the company’s stock worth $1,072,000 after acquiring an additional 6,223 shares during the period. LPL Financial LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 6.8% in the 2nd quarter. LPL Financial LLC now owns 1,540,063 shares of the company’s stock valued at $88,215,000 after purchasing an additional 98,325 shares in the last quarter. Citigroup Inc. Boosted its holdings in shares of First Trust Managed Municipal ETF by 3.1% in the 2nd quarter. Citigroup Inc. Now owns 296,101 shares of the company’s stock valued at $16,961,000 after purchasing an additional 9,003 shares in the last quarter. ERn Financial LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 4.1% in the 2nd quarter. ERn Financial LLC now owns 230,232 shares of the company’s stock valued at $13,188,000 after purchasing an additional 9,072 shares in the last quarter. Finally, Financial Strategies Group Inc. Boosted its holdings in shares of First Trust Managed Municipal ETF by 7.0% in the 2nd quarter. Financial Strategies Group Inc. Now owns 14,042 shares of the company’s stock valued at $804,000 after purchasing an additional 916 shares in the last quarter.

Shares of FMB stock opened at $57.02 on Tuesday. The stock’s fifty day moving average price is $56.78 and its two-hundred day moving average price is $57.15. First Trust Managed Municipal ETF has a fifty-two week low of $55.99 and a fifty-two week high of $57.84.

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 30th. Shareholders of record on Wednesday, November 24th were issued a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Tuesday, November 23rd.

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