First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Purchased by Mutual Advisors LLC

Mutual Advisors LLC raised its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,116 shares of the company’s stock after purchasing an additional 3,742 shares during the quarter. Mutual Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $2,089,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FMB. NewEdge Advisors LLC boosted its holdings in First Trust Managed Municipal ETF by 39.3% in the second quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock valued at $12,084,000 after purchasing an additional 66,762 shares during the last quarter. Traction Financial Partners LLC boosted its holdings in First Trust Managed Municipal ETF by 83.8% in the second quarter. Traction Financial Partners LLC now owns 28,971 shares of the company’s stock valued at $1,494,000 after purchasing an additional 13,211 shares during the last quarter. HFG Wealth Management LLC boosted its holdings in First Trust Managed Municipal ETF by 1.8% in the second quarter. HFG Wealth Management LLC now owns 51,836 shares of the company’s stock valued at $2,647,000 after purchasing an additional 902 shares during the last quarter. Truist Financial Corp boosted its holdings in First Trust Managed Municipal ETF by 1.9% in the second quarter. Truist Financial Corp now owns 289,752 shares of the company’s stock valued at $14,795,000 after purchasing an additional 5,387 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in First Trust Managed Municipal ETF by 7.9% in the second quarter. Cetera Investment Advisers now owns 272,638 shares of the company’s stock valued at $13,921,000 after purchasing an additional 20,076 shares during the last quarter.

First Trust Managed Municipal ETF Stock Up 0.2 %

NASDAQ:FMB opened at $50.84 on Friday. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13. The firm’s fifty day moving average is $51.22 and its two-hundred day moving average is $51.46.

First Trust Managed Municipal ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.14 per share. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend is Wednesday, January 22nd.

First Trust Managed Municipal ETF Company Profile

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.