Allworth Financial LP Increases Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Allworth Financial LP boosted its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 51.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 65,992 shares of the company’s stock after buying an additional 22,323 shares during the period. Allworth Financial LP’s holdings in First Trust Managed Municipal ETF were worth $3,355,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. raised its holdings in First Trust Managed Municipal ETF by 152.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after buying an additional 1,300 shares during the period. Fifth Third Bancorp raised its holdings in First Trust Managed Municipal ETF by 177.8% in the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after buying an additional 1,778 shares during the period. Dopkins Wealth Management LLC purchased a new position in First Trust Managed Municipal ETF in the third quarter valued at approximately $201,000. TrueWealth Advisors LLC acquired a new stake in First Trust Managed Municipal ETF in the fourth quarter valued at approximately $207,000. Finally, James Investment Research Inc. acquired a new stake in First Trust Managed Municipal ETF in the third quarter valued at approximately $224,000.

First Trust Managed Municipal ETF Stock Up 0.2 %

Shares of NASDAQ:FMB opened at $51.20 on Tuesday. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13. The company has a 50 day moving average of $51.05 and a two-hundred day moving average of $51.43.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a $0.14 dividend. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Wednesday, January 22nd.

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.