Worth Financial Advisory Group LLC Acquires New Holdings in First Trust Managed Municipal ETF $FMB

Worth Financial Advisory Group LLC bought a new stake in First Trust Managed Municipal ETF (NASDAQ:FMB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,878 shares of the company’s stock, valued at approximately $761,000.

Other hedge funds also recently bought and sold shares of the company. UBS Group AG raised its stake in shares of First Trust Managed Municipal ETF by 1.2% in the 3rd quarter. UBS Group AG now owns 1,798,415 shares of the company’s stock valued at $91,183,000 after acquiring an additional 20,689 shares during the period. Raymond James Financial Inc. raised its position in First Trust Managed Municipal ETF by 2.9% in the second quarter. Raymond James Financial Inc. now owns 1,191,423 shares of the company’s stock valued at $59,357,000 after purchasing an additional 34,126 shares during the period. Miracle Mile Advisors LLC raised its position in First Trust Managed Municipal ETF by 50.3% in the third quarter. Miracle Mile Advisors LLC now owns 1,070,100 shares of the company’s stock valued at $54,256,000 after purchasing an additional 358,121 shares during the period. Avantax Planning Partners Inc. lifted its stake in First Trust Managed Municipal ETF by 7.6% during the third quarter. Avantax Planning Partners Inc. now owns 899,949 shares of the company’s stock worth $45,629,000 after purchasing an additional 63,619 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its stake in First Trust Managed Municipal ETF by 0.8% during the third quarter. OneDigital Investment Advisors LLC now owns 558,418 shares of the company’s stock worth $28,313,000 after purchasing an additional 4,499 shares in the last quarter.

First Trust Managed Municipal ETF Stock Up 0.1%

Shares of NASDAQ FMB opened at $50.88 on Friday. First Trust Managed Municipal ETF has a twelve month low of $48.19 and a twelve month high of $52.03. The stock has a fifty day simple moving average of $51.41 and a 200-day simple moving average of $51.22.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.155 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.