Catalina Capital Group LLC Boosts Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Catalina Capital Group LLC lifted its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,523 shares of the company’s stock after purchasing an additional 648 shares during the period. Catalina Capital Group LLC’s holdings in First Trust Managed Municipal ETF were worth $438,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Independence Bank of Kentucky purchased a new stake in First Trust Managed Municipal ETF during the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp purchased a new stake in First Trust Managed Municipal ETF during the fourth quarter valued at approximately $52,000. AdvisorNet Financial Inc increased its holdings in First Trust Managed Municipal ETF by 26.9% during the fourth quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock valued at $75,000 after buying an additional 307 shares during the last quarter. Tidemark LLC purchased a new stake in First Trust Managed Municipal ETF during the fourth quarter valued at approximately $76,000. Finally, NBC Securities Inc. increased its holdings in First Trust Managed Municipal ETF by 71.4% during the fourth quarter. NBC Securities Inc. now owns 2,575 shares of the company’s stock valued at $133,000 after buying an additional 1,073 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB traded up $0.05 during mid-day trading on Wednesday, reaching $51.34. The stock had a trading volume of 194,067 shares, compared to its average volume of 153,922. First Trust Managed Municipal ETF has a 12 month low of $48.08 and a 12 month high of $51.77. The business has a fifty day moving average of $51.07 and a 200 day moving average of $51.25.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a $0.137 dividend. The ex-dividend date was Thursday, June 27th.

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.