Good Life Advisors LLC Boosts Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Good Life Advisors LLC raised its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 16.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,762 shares of the company’s stock after acquiring an additional 1,660 shares during the quarter. Good Life Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $608,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Journey Strategic Wealth LLC grew its position in shares of First Trust Managed Municipal ETF by 11.9% in the second quarter. Journey Strategic Wealth LLC now owns 44,787 shares of the company’s stock valued at $2,270,000 after purchasing an additional 4,748 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of First Trust Managed Municipal ETF by 5.5% during the 3rd quarter. Kestra Advisory Services LLC now owns 267,625 shares of the company’s stock worth $13,082,000 after purchasing an additional 13,840 shares during the period. Fragasso Group Inc. acquired a new stake in First Trust Managed Municipal ETF in the 3rd quarter valued at approximately $293,000. Frisch Financial Group Inc. raised its holdings in shares of First Trust Managed Municipal ETF by 2.4% in the 3rd quarter. Frisch Financial Group Inc. now owns 245,074 shares of the company’s stock valued at $11,979,000 after buying an additional 5,650 shares during the period. Finally, Wealth Management Resources Inc. increased its stake in First Trust Managed Municipal ETF by 55.7% during the third quarter. Wealth Management Resources Inc. now owns 81,205 shares of the company’s stock worth $3,969,000 after purchasing an additional 29,058 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ:FMB traded down $0.04 during trading on Thursday, hitting $51.36. The company’s stock had a trading volume of 127,173 shares, compared to its average volume of 167,237. First Trust Managed Municipal ETF has a fifty-two week low of $48.08 and a fifty-two week high of $51.77. The business has a 50 day moving average price of $51.43 and a two-hundred day moving average price of $50.50.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd will be paid a $0.135 dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.62 annualized dividend and a yield of 3.15%.

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.