Sanctuary Advisors LLC Buys 2,368 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Sanctuary Advisors LLC raised its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,286 shares of the company’s stock after acquiring an additional 2,368 shares during the quarter. Sanctuary Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $4,052,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. raised its holdings in First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after acquiring an additional 1,300 shares during the period. Fifth Third Bancorp raised its holdings in First Trust Managed Municipal ETF by 177.8% in the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after acquiring an additional 1,778 shares during the period. Dopkins Wealth Management LLC bought a new position in First Trust Managed Municipal ETF in the 3rd quarter valued at about $201,000. TrueWealth Advisors LLC bought a new position in First Trust Managed Municipal ETF in the 4th quarter valued at about $207,000. Finally, James Investment Research Inc. acquired a new position in shares of First Trust Managed Municipal ETF during the 3rd quarter worth approximately $224,000.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ:FMB opened at $51.24 on Friday. The company’s 50 day moving average price is $51.00 and its two-hundred day moving average price is $51.42. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.14 per share. The ex-dividend date is Friday, February 21st.

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.