Coyle Financial Counsel LLC Invests $274,000 in First Trust Managed Municipal ETF (NASDAQ:FMB)

Coyle Financial Counsel LLC bought a new position in First Trust Managed Municipal ETF (NASDAQ:FMB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,366 shares of the company’s stock, valued at approximately $274,000.

Several other hedge funds have also recently modified their holdings of FMB. International Assets Investment Management LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 5,096.0% in the third quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock worth $5,934,000 after buying an additional 112,010 shares in the last quarter. Hedeker Wealth LLC raised its stake in First Trust Managed Municipal ETF by 20.5% during the third quarter. Hedeker Wealth LLC now owns 34,743 shares of the company’s stock valued at $1,805,000 after purchasing an additional 5,917 shares in the last quarter. Stephens Inc. AR raised its stake in First Trust Managed Municipal ETF by 17.2% during the third quarter. Stephens Inc. AR now owns 37,475 shares of the company’s stock valued at $1,947,000 after purchasing an additional 5,500 shares in the last quarter. Gladstone Institutional Advisory LLC raised its stake in First Trust Managed Municipal ETF by 11.4% during the third quarter. Gladstone Institutional Advisory LLC now owns 10,083 shares of the company’s stock valued at $524,000 after purchasing an additional 1,032 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in First Trust Managed Municipal ETF by 316.1% during the third quarter. Farther Finance Advisors LLC now owns 8,314 shares of the company’s stock valued at $432,000 after purchasing an additional 6,316 shares in the last quarter.

First Trust Managed Municipal ETF Stock Down 0.1 %

First Trust Managed Municipal ETF stock opened at $51.21 on Tuesday. The firm’s fifty day moving average is $51.00 and its 200 day moving average is $51.41. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

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