Foundations Investment Advisors LLC Grows Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Foundations Investment Advisors LLC raised its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,838 shares of the company’s stock after purchasing an additional 386 shares during the quarter. Foundations Investment Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. LPL Financial LLC increased its position in shares of First Trust Managed Municipal ETF by 6.9% during the third quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after acquiring an additional 162,331 shares during the period. Miracle Mile Advisors LLC raised its position in First Trust Managed Municipal ETF by 5.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock valued at $32,128,000 after purchasing an additional 29,957 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of First Trust Managed Municipal ETF by 6.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after buying an additional 25,002 shares during the period. OneDigital Investment Advisors LLC grew its position in shares of First Trust Managed Municipal ETF by 5.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock worth $21,780,000 after buying an additional 19,917 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of First Trust Managed Municipal ETF by 5.4% during the third quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock valued at $17,186,000 after buying an additional 16,894 shares during the period.

First Trust Managed Municipal ETF Stock Up 0.2 %

NASDAQ:FMB opened at $51.10 on Friday. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13. The company has a 50-day moving average of $51.18 and a 200 day moving average of $51.45.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Wednesday, January 22nd. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.