Miracle Mile Advisors LLC Acquires 29,957 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Miracle Mile Advisors LLC lifted its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 629,831 shares of the company’s stock after purchasing an additional 29,957 shares during the period. Miracle Mile Advisors LLC owned 1.61% of First Trust Managed Municipal ETF worth $32,128,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FMB. Legacy Private Trust Co. grew its holdings in First Trust Managed Municipal ETF by 12.3% in the fourth quarter. Legacy Private Trust Co. now owns 104,155 shares of the company’s stock worth $5,313,000 after purchasing an additional 11,418 shares during the period. Advance Capital Management Inc. grew its stake in shares of First Trust Managed Municipal ETF by 2.8% in the 4th quarter. Advance Capital Management Inc. now owns 91,276 shares of the company’s stock valued at $4,656,000 after buying an additional 2,460 shares during the period. JPMorgan Chase & Co. increased its position in First Trust Managed Municipal ETF by 6.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock valued at $21,896,000 after buying an additional 25,002 shares in the last quarter. Sanctuary Advisors LLC raised its stake in First Trust Managed Municipal ETF by 8.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 76,918 shares of the company’s stock worth $3,950,000 after buying an additional 6,123 shares during the period. Finally, Stock Yards Bank & Trust Co. raised its stake in First Trust Managed Municipal ETF by 14.8% during the 3rd quarter. Stock Yards Bank & Trust Co. now owns 35,845 shares of the company’s stock worth $1,863,000 after buying an additional 4,613 shares during the period.

First Trust Managed Municipal ETF Trading Down 0.2 %

First Trust Managed Municipal ETF stock traded down $0.08 during mid-day trading on Monday, reaching $50.67. The stock had a trading volume of 400,476 shares, compared to its average volume of 211,711. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13. The stock’s 50-day simple moving average is $51.29 and its 200-day simple moving average is $51.49.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.139 per share. The ex-dividend date was Friday, December 13th.

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.