Walkner Condon Financial Advisors LLC Increases Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Walkner Condon Financial Advisors LLC boosted its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,064 shares of the company’s stock after acquiring an additional 343 shares during the period. Walkner Condon Financial Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $513,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PFS Partners LLC increased its stake in First Trust Managed Municipal ETF by 2.1% in the third quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock valued at $530,000 after purchasing an additional 214 shares during the period. Westside Investment Management Inc. increased its stake in First Trust Managed Municipal ETF by 0.5% in the third quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after purchasing an additional 343 shares during the period. Foundations Investment Advisors LLC increased its stake in First Trust Managed Municipal ETF by 5.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 7,838 shares of the company’s stock valued at $400,000 after purchasing an additional 386 shares during the period. Hobart Private Capital LLC increased its stake in First Trust Managed Municipal ETF by 2.3% in the fourth quarter. Hobart Private Capital LLC now owns 18,740 shares of the company’s stock valued at $956,000 after purchasing an additional 427 shares during the period. Finally, Main Line Retirement Advisors LLC increased its stake in shares of First Trust Managed Municipal ETF by 0.8% during the third quarter. Main Line Retirement Advisors LLC now owns 64,206 shares of the company’s stock worth $3,336,000 after acquiring an additional 527 shares during the period.

First Trust Managed Municipal ETF Trading Up 0.2 %

Shares of First Trust Managed Municipal ETF stock opened at $51.20 on Friday. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13. The company’s 50-day simple moving average is $51.06 and its 200-day simple moving average is $51.43.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a dividend of $0.14 per share. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Wednesday, January 22nd.

First Trust Managed Municipal ETF 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.