First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC increased its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,811 shares of the company’s stock after buying an additional 1,013 shares during the quarter. Steward Partners Investment Advisory LLC owned about 0.10% of First Trust Managed Municipal ETF worth $1,980,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Jones Financial Companies Lllp boosted its holdings in First Trust Managed Municipal ETF by 244.1% in the fourth quarter. Jones Financial Companies Lllp now owns 67,085 shares of the company’s stock valued at $3,422,000 after purchasing an additional 47,587 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in First Trust Managed Municipal ETF by 482.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 25,613 shares of the company’s stock valued at $1,307,000 after purchasing an additional 21,212 shares during the last quarter. Maia Wealth LLC purchased a new position in First Trust Managed Municipal ETF in the fourth quarter valued at about $234,000. Duncker Streett & Co. Inc. purchased a new position in First Trust Managed Municipal ETF in the fourth quarter valued at about $108,000. Finally, US Bancorp DE boosted its holdings in First Trust Managed Municipal ETF by 45.1% in the fourth quarter. US Bancorp DE now owns 10,861 shares of the company’s stock valued at $554,000 after purchasing an additional 3,376 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of FMB opened at $51.15 on Friday. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13. The stock has a 50-day moving average price of $51.08 and a 200 day moving average price of $51.39.

First Trust Managed Municipal ETF Announces Dividend

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

First Trust Managed Municipal ETF Company 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.