Cozad Asset Management Inc. Purchases 3,707 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Cozad Asset Management Inc. raised its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 59.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,964 shares of the company’s stock after purchasing an additional 3,707 shares during the quarter. Cozad Asset Management Inc.’s holdings in First Trust Managed Municipal ETF were worth $508,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FMB. Duncker Streett & Co. Inc. bought a new position in shares of First Trust Managed Municipal ETF during the 4th quarter valued at approximately $108,000. Pinnacle Bancorp Inc. grew its stake in shares of First Trust Managed Municipal ETF by 152.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after acquiring an additional 1,300 shares during the period. Fifth Third Bancorp lifted its holdings in First Trust Managed Municipal ETF by 177.8% in the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after purchasing an additional 1,778 shares in the last quarter. TrueWealth Advisors LLC purchased a new position in First Trust Managed Municipal ETF in the 4th quarter worth approximately $207,000. Finally, Maia Wealth LLC purchased a new position in First Trust Managed Municipal ETF in the 4th quarter worth approximately $234,000.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $50.87 on Wednesday. The stock’s 50 day moving average is $51.07 and its 200 day moving average is $51.36. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.14 dividend. The ex-dividend date was Friday, February 21st.

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.