Magnus Financial Group LLC Has $5.28 Million Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Magnus Financial Group LLC raised its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 101,700 shares of the company’s stock after buying an additional 2,247 shares during the quarter. Magnus Financial Group LLC owned 0.26% of First Trust Managed Municipal ETF worth $5,284,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. ORBA Wealth Advisors L.L.C. acquired a new position in shares of First Trust Managed Municipal ETF during the 3rd quarter worth $650,000. Christopher J. Hasenberg Inc bought a new position in shares of First Trust Managed Municipal ETF in the 3rd quarter valued at approximately $166,000. Patten Group Inc. lifted its holdings in First Trust Managed Municipal ETF by 47.7% in the 3rd quarter. Patten Group Inc. now owns 15,683 shares of the company’s stock worth $815,000 after purchasing an additional 5,062 shares during the last quarter. Insight Wealth Strategies LLC boosted its position in First Trust Managed Municipal ETF by 7.4% during the third quarter. Insight Wealth Strategies LLC now owns 37,903 shares of the company’s stock worth $1,969,000 after purchasing an additional 2,621 shares during the period. Finally, Advance Capital Management Inc. raised its position in shares of First Trust Managed Municipal ETF by 21.7% in the third quarter. Advance Capital Management Inc. now owns 88,816 shares of the company’s stock valued at $4,615,000 after purchasing an additional 15,809 shares during the period.

First Trust Managed Municipal ETF Price Performance

NASDAQ:FMB traded up $0.17 during mid-day trading on Tuesday, hitting $51.75. 171,327 shares of the company’s stock traded hands, compared to its average volume of 154,857. First Trust Managed Municipal ETF has a 12 month low of $48.08 and a 12 month high of $52.13. The firm has a 50 day moving average of $51.78 and a two-hundred day moving average of $51.36.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.139 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.