First Heartland Consultants Inc. Acquires 13,878 Shares of First Trust Managed Municipal ETF $FMB

First Heartland Consultants Inc. increased its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 11.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 130,249 shares of the company’s stock after buying an additional 13,878 shares during the period. First Heartland Consultants Inc.’s holdings in First Trust Managed Municipal ETF were worth $6,660,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in FMB. Friday Financial increased its holdings in First Trust Managed Municipal ETF by 111.3% during the fourth quarter. Friday Financial now owns 31,429 shares of the company’s stock worth $1,607,000 after buying an additional 16,555 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in First Trust Managed Municipal ETF by 1.1% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 33,331 shares of the company’s stock valued at $1,704,000 after acquiring an additional 363 shares during the last quarter. Occidental Asset Management LLC boosted its stake in First Trust Managed Municipal ETF by 9.8% in the fourth quarter. Occidental Asset Management LLC now owns 14,543 shares of the company’s stock valued at $744,000 after acquiring an additional 1,300 shares during the last quarter. Magnus Financial Group LLC grew its position in shares of First Trust Managed Municipal ETF by 3.2% during the 4th quarter. Magnus Financial Group LLC now owns 84,306 shares of the company’s stock valued at $4,311,000 after acquiring an additional 2,584 shares during the period. Finally, Gilbert & Cook Inc. bought a new position in shares of First Trust Managed Municipal ETF during the 4th quarter valued at approximately $820,000.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB stock opened at $50.93 on Tuesday. The company has a 50 day moving average of $51.52 and a 200-day moving average of $51.22. First Trust Managed Municipal ETF has a 12-month low of $48.19 and a 12-month high of $52.03.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a dividend of $0.155 per share. This represents a c) annualized dividend and a yield of 3.7%. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 20th.

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.