First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Bought by GSG Advisors LLC

GSG Advisors LLC raised its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 14.3% during the 3rd quarter, Holdings Channel reports. The firm owned 25,632 shares of the company’s stock after buying an additional 3,203 shares during the quarter. First Trust Managed Municipal ETF makes up about 0.4% of GSG Advisors LLC’s holdings, making the stock its 29th largest holding. GSG Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $1,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Verus Capital Partners LLC increased its stake in shares of First Trust Managed Municipal ETF by 8.0% during the first quarter. Verus Capital Partners LLC now owns 218,781 shares of the company’s stock worth $11,237,000 after purchasing an additional 16,197 shares in the last quarter. O Dell Group LLC raised its holdings in shares of First Trust Managed Municipal ETF by 40.1% during the first quarter. O Dell Group LLC now owns 4,887 shares of the company’s stock valued at $251,000 after acquiring an additional 1,400 shares during the last quarter. US Bancorp DE lifted its position in shares of First Trust Managed Municipal ETF by 17.2% in the first quarter. US Bancorp DE now owns 7,485 shares of the company’s stock valued at $384,000 after acquiring an additional 1,100 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 44.5% in the first quarter. Avantax Advisory Services Inc. now owns 524,971 shares of the company’s stock worth $26,963,000 after acquiring an additional 161,642 shares during the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of First Trust Managed Municipal ETF during the first quarter worth approximately $982,000.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $51.42 on Friday. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13. The business has a fifty day moving average price of $51.67 and a 200 day moving average price of $51.39.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were paid a $0.139 dividend. The ex-dividend date was Tuesday, October 22nd.

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.