Private Advisor Group LLC Increases Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Private Advisor Group LLC increased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 12.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 160,775 shares of the company’s stock after purchasing an additional 18,376 shares during the period. Private Advisor Group LLC’s holdings in First Trust Managed Municipal ETF were worth $8,306,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FMB. LPL Financial LLC boosted its stake in shares of First Trust Managed Municipal ETF by 13.6% in the third quarter. LPL Financial LLC now owns 2,311,853 shares of the company’s stock worth $113,003,000 after acquiring an additional 277,430 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of First Trust Managed Municipal ETF during the third quarter worth approximately $11,217,000. RFG Advisory LLC lifted its position in shares of First Trust Managed Municipal ETF by 916.2% during the 4th quarter. RFG Advisory LLC now owns 194,688 shares of the company’s stock worth $10,058,000 after purchasing an additional 175,530 shares during the last quarter. Miracle Mile Advisors LLC lifted its position in shares of First Trust Managed Municipal ETF by 63.2% during the 4th quarter. Miracle Mile Advisors LLC now owns 444,237 shares of the company’s stock worth $22,951,000 after purchasing an additional 171,963 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of First Trust Managed Municipal ETF by 20.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 903,423 shares of the company’s stock worth $46,675,000 after purchasing an additional 156,465 shares during the last quarter.

First Trust Managed Municipal ETF Stock Up 0.0 %

Shares of FMB traded up $0.01 during midday trading on Wednesday, reaching $51.22. 6,474 shares of the stock were exchanged, compared to its average volume of 159,425. The business’s 50-day moving average price is $51.21 and its 200 day moving average price is $50.88. First Trust Managed Municipal ETF has a twelve month low of $48.08 and a twelve month high of $51.77.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th were given a $0.135 dividend. This represents a $1.62 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Tuesday, April 23rd.

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.