Freedom Investment Management Inc. Has $1.75 Million Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Freedom Investment Management Inc. boosted its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.2% in the 3rd quarter, Holdings Channel reports. The firm owned 33,604 shares of the company’s stock after buying an additional 713 shares during the period. Freedom Investment Management Inc.’s holdings in First Trust Managed Municipal ETF were worth $1,746,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. DHJJ Financial Advisors Ltd. grew its stake in shares of First Trust Managed Municipal ETF by 119.4% during the second quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock worth $40,000 after buying an additional 430 shares during the last quarter. Fifth Third Bancorp acquired a new stake in First Trust Managed Municipal ETF during the 2nd quarter valued at approximately $51,000. IAG Wealth Partners LLC bought a new position in First Trust Managed Municipal ETF during the 2nd quarter worth approximately $53,000. WR Wealth Planners LLC acquired a new position in shares of First Trust Managed Municipal ETF in the 2nd quarter worth approximately $56,000. Finally, International Assets Investment Management LLC bought a new stake in shares of First Trust Managed Municipal ETF in the 2nd quarter valued at $112,000.

First Trust Managed Municipal ETF Trading Up 0.2 %

Shares of First Trust Managed Municipal ETF stock opened at $51.66 on Thursday. The business has a 50-day moving average price of $51.55 and a two-hundred day moving average price of $51.43. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.139 per share. The ex-dividend date of this dividend is Thursday, November 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.