First Trust Managed Municipal ETF (NASDAQ:FMB) Holdings Raised by Investment Planning Advisors Inc.

Investment Planning Advisors Inc. increased its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 18.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,646 shares of the company’s stock after acquiring an additional 8,882 shares during the period. First Trust Managed Municipal ETF comprises about 1.2% of Investment Planning Advisors Inc.’s holdings, making the stock its 16th largest holding. Investment Planning Advisors Inc. owned approximately 0.15% of First Trust Managed Municipal ETF worth $2,907,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Private Trust Co. NA lifted its stake in First Trust Managed Municipal ETF by 1.0% in the 4th quarter. Private Trust Co. NA now owns 20,210 shares of the company’s stock worth $1,031,000 after acquiring an additional 200 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in First Trust Managed Municipal ETF by 3.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 9,640 shares of the company’s stock worth $492,000 after acquiring an additional 341 shares in the last quarter. McNamara Financial Services Inc. raised its stake in shares of First Trust Managed Municipal ETF by 7.1% during the 1st quarter. McNamara Financial Services Inc. now owns 5,371 shares of the company’s stock worth $271,000 after purchasing an additional 354 shares in the last quarter. Elios Financial Group Inc. raised its stake in shares of First Trust Managed Municipal ETF by 0.6% during the 4th quarter. Elios Financial Group Inc. now owns 69,751 shares of the company’s stock worth $3,558,000 after purchasing an additional 435 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in shares of First Trust Managed Municipal ETF by 2.4% during the 4th quarter. Orion Portfolio Solutions LLC now owns 21,284 shares of the company’s stock worth $1,086,000 after purchasing an additional 493 shares in the last quarter.

First Trust Managed Municipal ETF Stock Up 0.1%

FMB opened at $49.83 on Tuesday. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13. The business has a 50-day moving average of $49.69 and a 200-day moving average of $50.47.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.142 per share. The ex-dividend date was Wednesday, May 21st. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.42%.

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.