Mutual Advisors LLC Buys 3,742 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Mutual Advisors LLC grew its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 10.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,116 shares of the company’s stock after acquiring an additional 3,742 shares during the period. Mutual Advisors LLC owned about 0.11% of First Trust Managed Municipal ETF worth $2,089,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FMB. NewEdge Advisors LLC raised its stake in First Trust Managed Municipal ETF by 39.3% in the second quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock worth $12,084,000 after buying an additional 66,762 shares in the last quarter. Traction Financial Partners LLC raised its stake in First Trust Managed Municipal ETF by 83.8% in the second quarter. Traction Financial Partners LLC now owns 28,971 shares of the company’s stock worth $1,494,000 after buying an additional 13,211 shares in the last quarter. HFG Wealth Management LLC raised its stake in First Trust Managed Municipal ETF by 1.8% in the second quarter. HFG Wealth Management LLC now owns 51,836 shares of the company’s stock worth $2,647,000 after buying an additional 902 shares in the last quarter. Truist Financial Corp raised its stake in First Trust Managed Municipal ETF by 1.9% in the second quarter. Truist Financial Corp now owns 289,752 shares of the company’s stock worth $14,795,000 after buying an additional 5,387 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in First Trust Managed Municipal ETF by 7.9% in the second quarter. Cetera Investment Advisers now owns 272,638 shares of the company’s stock worth $13,921,000 after buying an additional 20,076 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ:FMB opened at $50.84 on Friday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The firm has a 50 day moving average of $51.22 and a 200 day moving average of $51.46.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is 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.