Hobart Private Capital LLC Acquires 427 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Hobart Private Capital LLC raised its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,740 shares of the company’s stock after buying an additional 427 shares during the period. Hobart Private Capital LLC’s holdings in First Trust Managed Municipal ETF were worth $956,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its stake in shares of First Trust Managed Municipal ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after purchasing an additional 162,331 shares in the last quarter. Miracle Mile Advisors LLC increased its position in First Trust Managed Municipal ETF by 5.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock worth $32,128,000 after buying an additional 29,957 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of First Trust Managed Municipal ETF by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after buying an additional 25,002 shares during the period. OneDigital Investment Advisors LLC lifted its position in shares of First Trust Managed Municipal ETF by 5.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock valued at $21,780,000 after buying an additional 19,917 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of First Trust Managed Municipal ETF by 5.4% during the 3rd quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock valued at $17,186,000 after buying an additional 16,894 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock opened at $51.23 on Friday. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13. The firm has a 50 day moving average of $51.13 and a 200 day moving average of $51.44.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This is a boost 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.