Marshall Investment Management LLC Invests $282,000 in First Trust Managed Municipal ETF (NASDAQ:FMB)

Marshall Investment Management LLC acquired a new position in First Trust Managed Municipal ETF (NASDAQ:FMB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,426 shares of the company’s stock, valued at approximately $282,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Bancorp Inc. increased its stake in shares of First Trust Managed Municipal ETF by 152.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after purchasing an additional 1,300 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of First Trust Managed Municipal ETF by 177.8% during the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after acquiring an additional 1,778 shares during the last quarter. Dopkins Wealth Management LLC bought a new position in shares of First Trust Managed Municipal ETF during the third quarter worth $201,000. TrueWealth Advisors LLC bought a new position in shares of First Trust Managed Municipal ETF during the fourth quarter worth $207,000. Finally, James Investment Research Inc. bought a new position in shares of First Trust Managed Municipal ETF during the third quarter worth $224,000.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ:FMB opened at $51.24 on Friday. The firm has a fifty day moving average price of $51.00 and a 200 day moving average price of $51.42. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be given a dividend of $0.14 per share. The ex-dividend date is Friday, February 21st.

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.