First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Acquired by High Net Worth Advisory Group LLC

High Net Worth Advisory Group LLC boosted its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 21.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,567 shares of the company’s stock after purchasing an additional 4,029 shares during the period. High Net Worth Advisory Group LLC owned about 0.06% of First Trust Managed Municipal ETF worth $1,151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of FMB. Dynamic Advisor Solutions LLC grew its holdings in shares of First Trust Managed Municipal ETF by 127.0% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 10,027 shares of the company’s stock worth $511,000 after purchasing an additional 5,609 shares during the period. Fifth Third Bancorp boosted its stake in First Trust Managed Municipal ETF by 177.8% during the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after acquiring an additional 1,778 shares during the last quarter. Atlas Private Wealth Advisors increased its holdings in First Trust Managed Municipal ETF by 3.6% in the fourth quarter. Atlas Private Wealth Advisors now owns 96,207 shares of the company’s stock valued at $4,908,000 after buying an additional 3,363 shares during the last quarter. Impact Partnership Wealth LLC lifted its stake in First Trust Managed Municipal ETF by 4.7% during the fourth quarter. Impact Partnership Wealth LLC now owns 16,018 shares of the company’s stock worth $817,000 after purchasing an additional 716 shares during the last quarter. Finally, Secure Asset Management LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 6.4% in the 4th quarter. Secure Asset Management LLC now owns 29,120 shares of the company’s stock valued at $1,485,000 after buying an additional 1,756 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB opened at $50.84 on Monday. The stock has a fifty day moving average price of $51.20 and a 200 day moving average price of $51.46. 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 Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.