Flaharty Asset Management LLC Makes New $58,000 Investment in First Trust Managed Municipal ETF $FMB

Flaharty Asset Management LLC bought a new position in First Trust Managed Municipal ETF (NASDAQ:FMB) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,153 shares of the company’s stock, valued at approximately $58,000.

Other institutional investors have also made changes to their positions in the company. LPL Financial LLC lifted its position in shares of First Trust Managed Municipal ETF by 3.7% in the 1st quarter. LPL Financial LLC now owns 2,179,768 shares of the company’s stock valued at $109,909,000 after acquiring an additional 77,992 shares in the last quarter. Raymond James Financial Inc. raised its stake in First Trust Managed Municipal ETF by 0.6% during the 1st quarter. Raymond James Financial Inc. now owns 1,157,297 shares of the company’s stock valued at $58,353,000 after purchasing an additional 6,985 shares during the period. Miracle Mile Advisors LLC raised its stake in First Trust Managed Municipal ETF by 3.1% during the 1st quarter. Miracle Mile Advisors LLC now owns 649,521 shares of the company’s stock valued at $32,750,000 after purchasing an additional 19,690 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 2.8% in the first quarter. Avantax Advisory Services Inc. now owns 621,617 shares of the company’s stock valued at $31,343,000 after purchasing an additional 16,676 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of First Trust Managed Municipal ETF by 1.4% in the first quarter. Royal Bank of Canada now owns 619,572 shares of the company’s stock worth $31,240,000 after buying an additional 8,529 shares during the period.

First Trust Managed Municipal ETF Trading Up 0.3%

Shares of FMB stock opened at $50.60 on Thursday. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13. The stock’s fifty day simple moving average is $49.74 and its 200-day simple moving average is $49.96.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 21st were issued a $0.144 dividend. The ex-dividend date was Thursday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%.

About First Trust Managed Municipal ETF

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.