FMB ETF sees major stake adjustments by investors as it boosts dividend to $0.14 per share.

Several institutional investors adjusted their stakes in the First Trust Managed Municipal ETF (FMB) last quarter, with Southland Equity Partners reducing its position by 59.4% and Pinnacle Bancorp increasing its holdings by 152.9%. FMB, which primarily invests in investment-grade municipal bonds, recently increased its dividend to $0.14 per share, payable on January 31 to shareholders of record on January 22. The ETF, launched in 2014, is actively managed by First Trust.

2 months ago
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