Foster & Motley Inc. Has $2.87 Million Holdings in First Trust Managed Municipal ETF $FMB

Foster & Motley Inc. lifted its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 35.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,611 shares of the company’s stock after purchasing an additional 14,948 shares during the period. Foster & Motley Inc.’s holdings in First Trust Managed Municipal ETF were worth $2,870,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Security Financial Services INC. lifted its holdings in shares of First Trust Managed Municipal ETF by 2.0% during the first quarter. Security Financial Services INC. now owns 11,137 shares of the company’s stock worth $562,000 after purchasing an additional 223 shares during the period. Main Line Retirement Advisors LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 0.7% during the first quarter. Main Line Retirement Advisors LLC now owns 50,094 shares of the company’s stock worth $2,526,000 after purchasing an additional 330 shares during the period. Arkansas Financial Group Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 0.3% during the second quarter. Arkansas Financial Group Inc. now owns 124,613 shares of the company’s stock worth $6,212,000 after purchasing an additional 362 shares during the period. Pinnacle Bancorp Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 18.7% during the second quarter. Pinnacle Bancorp Inc. now owns 2,552 shares of the company’s stock worth $127,000 after purchasing an additional 402 shares during the period. Finally, Sentinel Pension Advisors LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 0.8% during the second quarter. Sentinel Pension Advisors LLC now owns 56,099 shares of the company’s stock worth $2,795,000 after purchasing an additional 420 shares during the period.

First Trust Managed Municipal ETF Trading Down 0.1%

Shares of NASDAQ:FMB opened at $51.24 on Friday. The firm’s fifty day moving average is $50.41 and its 200-day moving average is $49.94. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $51.99.

First Trust Managed Municipal ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.146 dividend. The ex-dividend date was Thursday, September 25th. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 3.4%.

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.