Foster & Motley Inc. Purchases 302 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Foster & Motley Inc. boosted its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMBFree Report) by 0.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 39,322 shares of the company’s stock after purchasing an additional 302 shares during the period. Foster & Motley Inc.’s holdings in First Trust Managed Municipal ETF were worth $2,032,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Stock Yards Bank & Trust Co. boosted its stake in shares of First Trust Managed Municipal ETF by 37.7% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 40,557 shares of the company’s stock worth $2,095,000 after acquiring an additional 11,110 shares in the last quarter. CWM LLC lifted its stake in shares of First Trust Managed Municipal ETF by 44.8% in the fourth quarter. CWM LLC now owns 24,728 shares of the company’s stock worth $1,278,000 after buying an additional 7,648 shares during the last quarter. Wheelhouse Advisory Group LLC bought a new stake in shares of First Trust Managed Municipal ETF during the 4th quarter worth $583,000. Financial Strategies Group Inc. grew its stake in First Trust Managed Municipal ETF by 7.2% in the 4th quarter. Financial Strategies Group Inc. now owns 7,575 shares of the company’s stock valued at $386,000 after buying an additional 506 shares during the last quarter. Finally, Grant GrossMendelsohn LLC raised its holdings in First Trust Managed Municipal ETF by 2.5% in the 4th quarter. Grant GrossMendelsohn LLC now owns 30,646 shares of the company’s stock worth $1,568,000 after acquiring an additional 745 shares during the period.

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock opened at $50.82 on Tuesday. First Trust Managed Municipal ETF has a fifty-two week low of $48.08 and a fifty-two week high of $51.77. The firm has a fifty day moving average price of $51.32 and a two-hundred day moving average price of $50.72.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a $0.135 dividend. This represents a $1.62 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Thursday, March 21st.

First Trust Managed Municipal ETF Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding FMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Managed Municipal ETF (NASDAQ:FMBFree Report).

Institutional Ownership by Quarter for First Trust Managed Municipal ETF (NASDAQ:FMB)

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