First Heartland Consultants Inc. Increases Position in First Trust Managed Municipal ETF $FMB

First Heartland Consultants Inc. lifted its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 9.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,769 shares of the company’s stock after purchasing an additional 13,623 shares during the period. First Heartland Consultants Inc. owned approximately 0.40% of First Trust Managed Municipal ETF worth $8,156,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FMB. Pursuit Wealth Management LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the 4th quarter valued at approximately $1,382,000. UBS Group AG boosted its stake in shares of First Trust Managed Municipal ETF by 2.1% during the 4th quarter. UBS Group AG now owns 1,836,968 shares of the company’s stock worth $93,933,000 after acquiring an additional 38,553 shares in the last quarter. True Blue Financial LLC grew its holdings in shares of First Trust Managed Municipal ETF by 8.7% in the 1st quarter. True Blue Financial LLC now owns 269,428 shares of the company’s stock worth $13,649,000 after acquiring an additional 21,459 shares during the period. Mutual Advisors LLC grew its holdings in shares of First Trust Managed Municipal ETF by 75.3% in the 4th quarter. Mutual Advisors LLC now owns 60,897 shares of the company’s stock worth $3,114,000 after acquiring an additional 26,163 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new position in First Trust Managed Municipal ETF in the 4th quarter valued at approximately $675,000.

First Trust Managed Municipal ETF Stock Up 0.3%

NASDAQ FMB opened at $50.61 on Friday. The business has a 50 day moving average price of $51.04 and a 200 day moving average price of $51.18. First Trust Managed Municipal ETF has a 1-year low of $49.49 and a 1-year high of $52.03.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were given a $0.157 dividend. The ex-dividend date was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

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.