9,993 Shares in First Trust Managed Municipal ETF (NASDAQ:FMB) Acquired by Sovran Advisors LLC

Sovran Advisors LLC acquired a new stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,993 shares of the company’s stock, valued at approximately $506,000.

Several other institutional investors also recently made changes to their positions in the stock. Hobart Private Capital LLC increased its position in First Trust Managed Municipal ETF by 2.3% during the 4th quarter. Hobart Private Capital LLC now owns 18,740 shares of the company’s stock worth $956,000 after purchasing an additional 427 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in First Trust Managed Municipal ETF during the fourth quarter worth approximately $3,560,000. Hedeker Wealth LLC grew its stake in First Trust Managed Municipal ETF by 53.3% during the fourth quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock worth $2,717,000 after buying an additional 18,519 shares during the period. Etesian Wealth Advisors Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 14.1% during the 4th quarter. Etesian Wealth Advisors Inc. now owns 84,407 shares of the company’s stock valued at $4,306,000 after acquiring an additional 10,415 shares in the last quarter. Finally, Journey Strategic Wealth LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 15.2% during the 4th quarter. Journey Strategic Wealth LLC now owns 120,260 shares of the company’s stock valued at $6,134,000 after acquiring an additional 15,890 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

NASDAQ:FMB opened at $50.96 on Thursday. The business’s 50-day moving average is $51.10 and its two-hundred day moving average is $51.44. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued 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.