Ameritas Investment Partners Inc. Purchases 327 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Ameritas Investment Partners Inc. increased its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,899 shares of the company’s stock after acquiring an additional 327 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in First Trust Managed Municipal ETF were worth $457,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FMB. Wells Fargo & Company MN increased its holdings in shares of First Trust Managed Municipal ETF by 14.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,042,465 shares of the company’s stock worth $105,523,000 after purchasing an additional 251,160 shares during the period. RFG Advisory LLC increased its holdings 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 period. Miracle Mile Advisors LLC increased its holdings 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 period. Avantax Advisory Services Inc. increased its holdings in shares of First Trust Managed Municipal ETF by 44.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 524,971 shares of the company’s stock worth $26,963,000 after purchasing an additional 161,642 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings 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 period.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ:FMB traded down $0.08 on Wednesday, hitting $51.24. 140,833 shares of the company were exchanged, compared to its average volume of 151,607. The company’s 50 day moving average price is $51.14 and its two-hundred day moving average price is $51.24. First Trust Managed Municipal ETF has a one year low of $48.08 and a one year high of $51.77.

First Trust Managed Municipal ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.137 per share. The ex-dividend date of this dividend was Thursday, June 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.