23,556 Shares in First Trust Managed Municipal ETF (NASDAQ:FMB) Bought by Secure Asset Management LLC

Secure Asset Management LLC acquired a new stake in First Trust Managed Municipal ETF (NASDAQ:FMB) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 23,556 shares of the company’s stock, valued at approximately $1,203,000. Secure Asset Management LLC owned approximately 0.06% of First Trust Managed Municipal ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. DHJJ Financial Advisors Ltd. boosted its stake in shares of First Trust Managed Municipal ETF by 119.4% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock valued at $40,000 after purchasing an additional 430 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of First Trust Managed Municipal ETF during the second quarter worth $51,000. Jones Financial Companies Lllp bought a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth $52,000. IAG Wealth Partners LLC acquired a new position in shares of First Trust Managed Municipal ETF during the second quarter worth $53,000. Finally, Tidemark LLC bought a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at $76,000.

First Trust Managed Municipal ETF Trading Up 0.3 %

FMB stock traded up $0.17 during midday trading on Friday, reaching $51.67. 154,765 shares of the stock were exchanged, compared to its average volume of 152,718. First Trust Managed Municipal ETF has a 52 week low of $48.08 and a 52 week high of $52.07. The company has a fifty day moving average price of $51.43 and a 200 day moving average price of $51.26.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 21st will be issued a $0.138 dividend. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend is Wednesday, August 21st.

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.