Kowal Investment Group LLC Has $11.36 Million Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Kowal Investment Group LLC grew its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 0.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 221,192 shares of the company’s stock after purchasing an additional 1,899 shares during the quarter. First Trust Managed Municipal ETF comprises about 2.5% of Kowal Investment Group LLC’s holdings, making the stock its 7th biggest holding. Kowal Investment Group LLC owned about 0.57% of First Trust Managed Municipal ETF worth $11,360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Independence Bank of Kentucky purchased a new stake in shares of First Trust Managed Municipal ETF in the 4th quarter worth about $27,000. Jones Financial Companies Lllp purchased a new stake in shares of First Trust Managed Municipal ETF in the 4th quarter worth about $52,000. AdvisorNet Financial Inc grew its position in shares of First Trust Managed Municipal ETF by 26.9% in the 4th quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock worth $75,000 after buying an additional 307 shares during the period. Tidemark LLC purchased a new stake in First Trust Managed Municipal ETF during the 4th quarter valued at about $76,000. Finally, NBC Securities Inc. grew its position in First Trust Managed Municipal ETF by 71.4% during the 4th quarter. NBC Securities Inc. now owns 2,575 shares of the company’s stock valued at $133,000 after purchasing an additional 1,073 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

FMB stock traded down $0.12 during trading on Monday, hitting $50.94. 131,928 shares of the stock traded hands, compared to its average volume of 155,496. First Trust Managed Municipal ETF has a 1 year low of $48.08 and a 1 year high of $51.77. The firm’s 50 day moving average is $51.02 and its two-hundred day moving average is $51.27.

First Trust Managed Municipal ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a dividend of $0.137 per share. The ex-dividend date of this dividend was Thursday, June 27th.

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.