Traction Financial Partners LLC Buys 2,966 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Traction Financial Partners LLC grew its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,452 shares of the company’s stock after purchasing an additional 2,966 shares during the quarter. First Trust Managed Municipal ETF makes up approximately 1.2% of Traction Financial Partners LLC’s investment portfolio, making the stock its 16th largest holding. Traction Financial Partners LLC owned approximately 0.07% of First Trust Managed Municipal ETF worth $1,502,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FMB. Sebold Capital Management Inc. raised its position in shares of First Trust Managed Municipal ETF by 2.2% in the third quarter. Sebold Capital Management Inc. now owns 49,431 shares of the company’s stock valued at $2,568,000 after purchasing an additional 1,072 shares during the period. Lake Street Private Wealth LLC increased its position in First Trust Managed Municipal ETF by 5.0% during the third quarter. Lake Street Private Wealth LLC now owns 96,300 shares of the company’s stock worth $5,004,000 after acquiring an additional 4,600 shares during the period. International Assets Investment Management LLC increased its position in First Trust Managed Municipal ETF by 5,096.0% during the third quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock worth $5,934,000 after acquiring an additional 112,010 shares during the period. Impact Partnership Wealth LLC bought a new position in First Trust Managed Municipal ETF during the third quarter worth about $795,000. Finally, ShoreHaven Wealth Partners LLC increased its position in First Trust Managed Municipal ETF by 19.2% during the third quarter. ShoreHaven Wealth Partners LLC now owns 9,671 shares of the company’s stock worth $503,000 after acquiring an additional 1,560 shares during the period.

First Trust Managed Municipal ETF Stock Up 0.2 %

NASDAQ:FMB opened at $51.20 on Tuesday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The firm’s 50-day simple moving average is $51.05 and its 200 day simple moving average is $51.43.

First Trust Managed Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14.

First Trust Managed Municipal ETF 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.