Hobart Private Capital LLC Increases Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Hobart Private Capital LLC grew its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,740 shares of the company’s stock after purchasing an additional 427 shares during the quarter. Hobart Private Capital LLC’s holdings in First Trust Managed Municipal ETF were worth $956,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Magnus Financial Group LLC boosted its stake in First Trust Managed Municipal ETF by 2.3% during the third quarter. Magnus Financial Group LLC now owns 101,700 shares of the company’s stock valued at $5,284,000 after buying an additional 2,247 shares during the last quarter. Prospect Financial Services LLC boosted its position in shares of First Trust Managed Municipal ETF by 23.0% during the 3rd quarter. Prospect Financial Services LLC now owns 5,195 shares of the company’s stock valued at $270,000 after acquiring an additional 970 shares during the last quarter. ERn Financial LLC boosted its position in shares of First Trust Managed Municipal ETF by 6.0% during the 3rd quarter. ERn Financial LLC now owns 265,943 shares of the company’s stock valued at $13,818,000 after acquiring an additional 15,010 shares during the last quarter. Sentinel Pension Advisors Inc. increased its position in First Trust Managed Municipal ETF by 12.8% in the third quarter. Sentinel Pension Advisors Inc. now owns 39,409 shares of the company’s stock worth $2,048,000 after purchasing an additional 4,462 shares during the last quarter. Finally, Naviter Wealth LLC raised its stake in First Trust Managed Municipal ETF by 98.0% during the third quarter. Naviter Wealth LLC now owns 37,279 shares of the company’s stock valued at $1,937,000 after purchasing an additional 18,454 shares in the last quarter.

First Trust Managed Municipal ETF Trading Down 0.2 %

FMB stock opened at $51.23 on Friday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The company has a fifty day simple moving average of $51.13 and a two-hundred day simple moving average of $51.44.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a $0.14 dividend. The ex-dividend date was Wednesday, January 22nd. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.