Legacy Solutions LLC Makes New $1.32 Million Investment in First Trust Managed Municipal ETF (NASDAQ:FMB)

Legacy Solutions LLC purchased a new stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 25,810 shares of the company’s stock, valued at approximately $1,317,000. First Trust Managed Municipal ETF makes up approximately 1.4% of Legacy Solutions LLC’s holdings, making the stock its 16th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. LPL Financial LLC grew its holdings in First Trust Managed Municipal ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after acquiring an additional 162,331 shares during the last quarter. Miracle Mile Advisors LLC raised its position in First Trust Managed Municipal ETF by 5.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock valued at $32,128,000 after purchasing an additional 29,957 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in First Trust Managed Municipal ETF by 6.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after buying an additional 25,002 shares during the period. OneDigital Investment Advisors LLC lifted its stake in First Trust Managed Municipal ETF by 5.0% in the third quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock worth $21,780,000 after acquiring an additional 19,917 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of First Trust Managed Municipal ETF by 5.4% during the 3rd quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock valued at $17,186,000 after purchasing an additional 16,894 shares in the last quarter.

First Trust Managed Municipal ETF Trading Down 0.4 %

FMB stock opened at $51.02 on Wednesday. The business’s 50 day moving average price is $51.03 and its two-hundred day moving average price is $51.43. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders 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 an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.