Concurrent Investment Advisors LLC Boosts Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Concurrent Investment Advisors LLC raised its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 123.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,193 shares of the company’s stock after buying an additional 8,384 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in 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 acquiring an additional 162,331 shares during the last quarter. Miracle Mile Advisors LLC raised its stake in shares of First Trust Managed Municipal ETF by 5.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock worth $32,128,000 after purchasing an additional 29,957 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of First Trust Managed Municipal ETF by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after purchasing an additional 25,002 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of First Trust Managed Municipal ETF by 5.0% during the third quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock worth $21,780,000 after purchasing an additional 19,917 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of First Trust Managed Municipal ETF by 5.4% during the third quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock worth $17,186,000 after purchasing an additional 16,894 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of First Trust Managed Municipal ETF stock opened at $51.24 on Monday. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13. The firm has a fifty day moving average of $51.00 and a two-hundred day moving average of $51.41.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a dividend of $0.14 per share. The ex-dividend date is 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.