Forum Private Client Group LLC Takes $276,000 Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Forum Private Client Group LLC bought a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,402 shares of the company’s stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FMB. Raymond James Financial Inc. bought a new stake in shares of First Trust Managed Municipal ETF in the 4th quarter worth approximately $58,677,000. Miracle Mile Advisors LLC lifted its position in shares of First Trust Managed Municipal ETF by 5.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock valued at $32,128,000 after acquiring an additional 29,957 shares during the last quarter. Avantax Advisory Services Inc. raised its position in shares of First Trust Managed Municipal ETF by 0.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 604,941 shares of the company’s stock worth $30,858,000 after purchasing an additional 2,306 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of First Trust Managed Municipal ETF by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock valued at $21,896,000 after purchasing an additional 25,002 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of First Trust Managed Municipal ETF by 5.4% in the 3rd quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock valued at $17,186,000 after purchasing an additional 16,894 shares during the period.

First Trust Managed Municipal ETF Stock Up 0.3 %

FMB stock opened at $50.93 on Friday. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13. The firm has a 50-day moving average of $51.02 and a two-hundred day moving average of $51.25.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.14 dividend. The ex-dividend date was Thursday, March 27th.

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.