Principal Securities Inc. Has $1.69 Million Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Principal Securities Inc. grew its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.1% during the 4th quarter, HoldingsChannel reports. The firm owned 33,167 shares of the company’s stock after purchasing an additional 371 shares during the quarter. Principal Securities Inc.’s holdings in First Trust Managed Municipal ETF were worth $1,692,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock valued at $130,283,000 after purchasing an additional 162,331 shares in the last quarter. Miracle Mile Advisors LLC raised its holdings in First Trust Managed Municipal ETF by 5.0% during the 4th 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 during the period. JPMorgan Chase & Co. lifted its stake in 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 valued at $21,896,000 after buying an additional 25,002 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in First Trust Managed Municipal ETF by 5.0% in the third 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 boosted its holdings in shares of First Trust Managed Municipal ETF by 5.4% in the third 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 during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ:FMB opened at $51.02 on Wednesday. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13. The company’s fifty day simple moving average is $51.03 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. Shareholders of record on Wednesday, January 22nd were paid a $0.14 dividend. This is an increase 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.