Prestige Wealth Management Group LLC Acquires 6,018 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Prestige Wealth Management Group LLC increased its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,710 shares of the company’s stock after buying an additional 6,018 shares during the period. First Trust Managed Municipal ETF comprises about 1.4% of Prestige Wealth Management Group LLC’s holdings, making the stock its 24th biggest position. Prestige Wealth Management Group LLC owned about 0.22% of First Trust Managed Municipal ETF worth $4,372,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Modern Wealth Management LLC increased its stake in shares of First Trust Managed Municipal ETF by 10.3% in the fourth quarter. Modern Wealth Management LLC now owns 38,723 shares of the company’s stock worth $1,986,000 after purchasing an additional 3,620 shares in the last quarter. Intellus Advisors LLC purchased a new position in First Trust Managed Municipal ETF in the 4th quarter valued at approximately $643,000. Thrivent Financial for Lutherans lifted its position in shares of First Trust Managed Municipal ETF by 58.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 78,971 shares of the company’s stock worth $4,043,000 after acquiring an additional 29,013 shares in the last quarter. Cozad Asset Management Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 59.2% in the fourth quarter. Cozad Asset Management Inc. now owns 9,964 shares of the company’s stock worth $508,000 after acquiring an additional 3,707 shares during the period. Finally, Clearwater Capital Advisors LLC grew its position in shares of First Trust Managed Municipal ETF by 119.3% in the fourth quarter. Clearwater Capital Advisors LLC now owns 49,081 shares of the company’s stock valued at $2,504,000 after purchasing an additional 26,697 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $50.72 on Tuesday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The business has a 50-day simple moving average of $51.07 and a two-hundred day simple moving average of $51.34.

First Trust Managed Municipal ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.14 per share. The ex-dividend date was Friday, February 21st.

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.