Envestnet Portfolio Solutions Inc. Acquires 1,041 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Envestnet Portfolio Solutions Inc. grew its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,778 shares of the company’s stock after acquiring an additional 1,041 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.09% of First Trust Managed Municipal ETF worth $1,825,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Prospera Financial Services Inc grew its holdings in shares of First Trust Managed Municipal ETF by 48.0% during the third quarter. Prospera Financial Services Inc now owns 67,596 shares of the company’s stock worth $3,513,000 after buying an additional 21,932 shares in the last quarter. Cypress Capital Group grew its holdings in shares of First Trust Managed Municipal ETF by 28.9% during the third quarter. Cypress Capital Group now owns 33,450 shares of the company’s stock worth $1,738,000 after buying an additional 7,500 shares in the last quarter. LPL Financial LLC grew its holdings 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 buying an additional 162,331 shares in the last quarter. GM Advisory Group LLC boosted its position in First Trust Managed Municipal ETF by 20.1% during the third quarter. GM Advisory Group LLC now owns 198,872 shares of the company’s stock valued at $10,333,000 after purchasing an additional 33,240 shares during the last quarter. Finally, Icon Wealth Advisors LLC boosted its position in First Trust Managed Municipal ETF by 211.6% during the third quarter. Icon Wealth Advisors LLC now owns 15,367 shares of the company’s stock valued at $798,000 after purchasing an additional 10,435 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB opened at $50.93 on Friday. The stock has a 50 day moving average price of $51.07 and a 200 day moving average price of $51.35. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, February 21st.

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.