Keystone Financial Group Acquires New Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Keystone Financial Group bought a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 36,844 shares of the company’s stock, valued at approximately $1,879,000. Keystone Financial Group owned about 0.09% of First Trust Managed Municipal ETF at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Tucker Asset Management LLC grew its holdings in shares of First Trust Managed Municipal ETF by 933.3% during the fourth quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock valued at $30,000 after buying an additional 532 shares during the last quarter. Duncker Streett & Co. Inc. purchased a new stake in First Trust Managed Municipal ETF during the 4th quarter valued at about $108,000. Pinnacle Bancorp Inc. increased its holdings in shares of First Trust Managed Municipal ETF by 152.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after purchasing an additional 1,300 shares during the period. Fifth Third Bancorp raised its stake in shares of First Trust Managed Municipal ETF by 177.8% in the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after purchasing an additional 1,778 shares during the last quarter. Finally, TrueWealth Advisors LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth about $207,000.

First Trust Managed Municipal ETF Trading Down 0.8 %

Shares of NASDAQ:FMB opened at $49.12 on Friday. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13. The company’s 50 day moving average is $50.80 and its 200 day moving average is $51.13.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 27th.

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.