Prestige Wealth Management Group LLC Has $4.08 Million Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Prestige Wealth Management Group LLC lifted its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 0.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 79,954 shares of the company’s stock after acquiring an additional 292 shares during the period. First Trust Managed Municipal ETF makes up about 0.9% of Prestige Wealth Management Group LLC’s investment portfolio, making the stock its 24th biggest position. Prestige Wealth Management Group LLC owned 0.21% of First Trust Managed Municipal ETF worth $4,082,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Foster & Motley Inc. grew its holdings in First Trust Managed Municipal ETF by 12.2% during the 2nd quarter. Foster & Motley Inc. now owns 46,355 shares of the company’s stock worth $2,367,000 after acquiring an additional 5,035 shares during the last quarter. Belpointe Asset Management LLC grew its stake in shares of First Trust Managed Municipal ETF by 28.1% during the second quarter. Belpointe Asset Management LLC now owns 13,836 shares of the company’s stock valued at $706,000 after purchasing an additional 3,037 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of First Trust Managed Municipal ETF by 201.9% in the second quarter. Larson Financial Group LLC now owns 151,651 shares of the company’s stock valued at $7,743,000 after purchasing an additional 101,412 shares in the last quarter. Founders Financial Securities LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the second quarter valued at approximately $411,000. Finally, Naviter Wealth LLC raised its position in First Trust Managed Municipal ETF by 9.7% in the 2nd quarter. Naviter Wealth LLC now owns 18,825 shares of the company’s stock worth $961,000 after purchasing an additional 1,667 shares during the last quarter.

First Trust Managed Municipal ETF Stock Up 0.1 %

FMB traded up $0.04 during mid-day trading on Friday, reaching $51.84. The stock had a trading volume of 122,414 shares, compared to its average volume of 152,654. The firm’s fifty day simple moving average is $51.51 and its two-hundred day simple moving average is $51.28. First Trust Managed Municipal ETF has a 52 week low of $48.08 and a 52 week high of $52.07.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were issued a $0.138 dividend. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Wednesday, August 21st.

About First Trust Managed Municipal ETF

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.