First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Purchased by Foster & Motley Inc.

Foster & Motley Inc. raised its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,322 shares of the company’s stock after acquiring an additional 302 shares during the quarter. Foster & Motley Inc. owned approximately 0.10% of First Trust Managed Municipal ETF worth $2,032,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of First Trust Managed Municipal ETF by 13.6% during the third quarter. LPL Financial LLC now owns 2,311,853 shares of the company’s stock worth $113,003,000 after purchasing an additional 277,430 shares in the last quarter. UBS Group AG boosted its position in shares of First Trust Managed Municipal ETF by 3.7% during the 3rd quarter. UBS Group AG now owns 2,249,392 shares of the company’s stock worth $109,950,000 after acquiring an additional 80,201 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of First Trust Managed Municipal ETF by 20.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 903,423 shares of the company’s stock valued at $46,675,000 after acquiring an additional 156,465 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of First Trust Managed Municipal ETF by 6.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 693,301 shares of the company’s stock worth $33,889,000 after acquiring an additional 42,887 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its stake in First Trust Managed Municipal ETF by 63.2% during the fourth quarter. Miracle Mile Advisors LLC now owns 444,237 shares of the company’s stock worth $22,951,000 after purchasing an additional 171,963 shares during the last quarter.

First Trust Managed Municipal ETF Stock Down 0.4 %

Shares of FMB opened at $50.82 on Tuesday. First Trust Managed Municipal ETF has a 52-week low of $48.08 and a 52-week high of $51.77. The stock has a 50 day moving average price of $51.32 and a 200 day moving average price of $50.72.

First Trust Managed Municipal ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.135 dividend. This represents a $1.62 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Thursday, March 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.