Larson Financial Group LLC Has $14.08 Million Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Larson Financial Group LLC raised its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 44.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 276,049 shares of the company’s stock after acquiring an additional 85,293 shares during the period. First Trust Managed Municipal ETF makes up approximately 0.7% of Larson Financial Group LLC’s investment portfolio, making the stock its 28th largest position. Larson Financial Group LLC owned about 0.70% of First Trust Managed Municipal ETF worth $14,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FMB. Raymond James Financial Inc. bought a new stake in First Trust Managed Municipal ETF in the 4th quarter valued at $58,677,000. Atria Investments Inc lifted its holdings in shares of First Trust Managed Municipal ETF by 4.7% during the fourth quarter. Atria Investments Inc now owns 103,706 shares of the company’s stock worth $5,290,000 after buying an additional 4,700 shares in the last quarter. Keybank National Association OH bought a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter valued at about $554,000. Patten Group Inc. grew its stake in shares of First Trust Managed Municipal ETF by 23.5% in the fourth quarter. Patten Group Inc. now owns 19,365 shares of the company’s stock valued at $988,000 after acquiring an additional 3,682 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of First Trust Managed Municipal ETF by 2.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 38,811 shares of the company’s stock valued at $1,980,000 after acquiring an additional 1,013 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

FMB stock opened at $51.15 on Friday. The company’s 50-day simple moving average is $51.08 and its 200 day simple moving average is $51.39. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, February 21st.

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.