Sentinel Pension Advisors Inc. Acquires 10,737 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Sentinel Pension Advisors Inc. grew its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 27.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,146 shares of the company’s stock after purchasing an additional 10,737 shares during the quarter. Sentinel Pension Advisors Inc.’s holdings in First Trust Managed Municipal ETF were worth $2,558,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FMB. JPMorgan Chase & Co. raised its holdings in First Trust Managed Municipal ETF by 6.3% in 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 in the last quarter. NewEdge Advisors LLC lifted its position in First Trust Managed Municipal ETF by 39.3% during the second quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock valued at $12,084,000 after acquiring an additional 66,762 shares during the last quarter. Jane Street Group LLC acquired a new stake in First Trust Managed Municipal ETF in the third quarter valued at approximately $1,555,000. HFG Wealth Management LLC grew its holdings in First Trust Managed Municipal ETF by 1.8% in the second quarter. HFG Wealth Management LLC now owns 51,836 shares of the company’s stock worth $2,647,000 after purchasing an additional 902 shares during the last quarter. Finally, GM Advisory Group LLC grew its holdings in First Trust Managed Municipal ETF by 21.4% in the second quarter. GM Advisory Group LLC now owns 165,632 shares of the company’s stock worth $8,457,000 after purchasing an additional 29,187 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB traded down $0.08 during midday trading on Monday, hitting $50.67. 400,476 shares of the company’s stock traded hands, compared to its average volume of 211,711. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13. The firm’s fifty day moving average is $51.29 and its 200-day moving average is $51.49.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.139 dividend. The ex-dividend date of this dividend was Friday, December 13th.

About First Trust Managed Municipal ETF

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.