Sentinel Pension Advisors Inc. Buys 10,737 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Sentinel Pension Advisors Inc. increased its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 27.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,146 shares of the company’s stock after buying an additional 10,737 shares during the quarter. Sentinel Pension Advisors Inc. owned about 0.13% of First Trust Managed Municipal ETF worth $2,558,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWA Asset Management Group LLC purchased a new position in First Trust Managed Municipal ETF during the 3rd quarter valued at $13,088,000. LPL Financial LLC grew its holdings in shares of First Trust Managed Municipal ETF by 6.9% in the third quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after purchasing an additional 162,331 shares during the last quarter. International Assets Investment Management LLC increased its stake in First Trust Managed Municipal ETF by 5,096.0% in the 3rd quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock worth $5,934,000 after buying an additional 112,010 shares during the period. Miracle Mile Advisors LLC lifted its holdings in First Trust Managed Municipal ETF by 22.2% during the 3rd quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock valued at $31,169,000 after buying an additional 109,001 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in First Trust Managed Municipal ETF in the 2nd quarter valued at about $3,590,000.

First Trust Managed Municipal ETF Price Performance

FMB stock traded down $0.08 during mid-day trading on Monday, reaching $50.67. The company had a trading volume of 400,476 shares, compared to its average volume of 211,711. The firm has a 50 day moving average of $51.29 and a 200 day moving average of $51.49. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

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

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.