NewEdge Advisors LLC Has $15.96 Million Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

NewEdge Advisors LLC boosted its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 312,954 shares of the company’s stock after buying an additional 6,298 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $15,964,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Tucker Asset Management LLC increased its position in shares of First Trust Managed Municipal ETF by 933.3% during the fourth quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock worth $30,000 after acquiring an additional 532 shares in the last quarter. Duncker Streett & Co. Inc. bought a new stake in First Trust Managed Municipal ETF during the 4th quarter worth approximately $108,000. Pinnacle Bancorp Inc. raised its stake in shares of 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 worth $110,000 after purchasing an additional 1,300 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of 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 worth $142,000 after purchasing an additional 1,778 shares during the last quarter. Finally, TrueWealth Advisors LLC bought a new position in shares of First Trust Managed Municipal ETF in the fourth quarter valued at approximately $207,000.

First Trust Managed Municipal ETF Trading Up 0.1 %

Shares of First Trust Managed Municipal ETF stock opened at $49.60 on Thursday. The stock has a fifty day simple moving average of $50.70 and a 200 day simple moving average of $51.09. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 27th.

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.