Advance Capital Management Inc. Acquires 2,460 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Advance Capital Management Inc. boosted its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,276 shares of the company’s stock after buying an additional 2,460 shares during the quarter. First Trust Managed Municipal ETF makes up approximately 0.2% of Advance Capital Management Inc.’s investment portfolio, making the stock its 21st biggest holding. Advance Capital Management Inc. owned about 0.23% of First Trust Managed Municipal ETF worth $4,656,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Christopher J. Hasenberg Inc acquired a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter worth $166,000. Dopkins Wealth Management LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the third quarter worth about $201,000. James Investment Research Inc. purchased a new stake in First Trust Managed Municipal ETF during the 3rd quarter worth approximately $224,000. Prospect Financial Services LLC increased its stake in First Trust Managed Municipal ETF by 23.0% during the 3rd quarter. Prospect Financial Services LLC now owns 5,195 shares of the company’s stock valued at $270,000 after purchasing an additional 970 shares in the last quarter. Finally, Tyler Stone Wealth Management raised its holdings in shares of First Trust Managed Municipal ETF by 101.7% in the third quarter. Tyler Stone Wealth Management now owns 5,251 shares of the company’s stock worth $273,000 after buying an additional 2,647 shares during the last quarter.

First Trust Managed Municipal ETF Trading Up 0.2 %

Shares of NASDAQ:FMB traded up $0.08 on Monday, hitting $51.15. 180,939 shares of the company were exchanged, compared to its average volume of 180,820. The stock’s 50 day moving average price is $51.31 and its 200 day moving average price is $51.50. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.139 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.