12,597 Shares in First Trust Managed Municipal ETF (NASDAQ:FMB) Acquired by Intellus Advisors LLC

Intellus Advisors LLC bought a new stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,597 shares of the company’s stock, valued at approximately $643,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. purchased a new stake in First Trust Managed Municipal ETF in the fourth quarter worth about $108,000. Pinnacle Bancorp Inc. raised its stake in First Trust Managed Municipal ETF by 152.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after acquiring an additional 1,300 shares during the period. Fifth Third Bancorp raised its stake in First Trust Managed Municipal ETF by 177.8% during the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after acquiring an additional 1,778 shares during the period. TrueWealth Advisors LLC purchased a new position in First Trust Managed Municipal ETF during the fourth quarter valued at approximately $207,000. Finally, Maia Wealth LLC bought a new position in shares of First Trust Managed Municipal ETF in the fourth quarter worth approximately $234,000.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB stock opened at $50.85 on Friday. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13. The company’s fifty day moving average price is $51.07 and its 200-day moving average price is $51.35.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.14 per share. 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.