High Net Worth Advisory Group LLC Has $1.15 Million Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

High Net Worth Advisory Group LLC raised its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 21.7% during the 4th quarter, HoldingsChannel reports. The firm owned 22,567 shares of the company’s stock after purchasing an additional 4,029 shares during the quarter. High Net Worth Advisory Group LLC’s holdings in First Trust Managed Municipal ETF were worth $1,151,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. PFS Partners LLC grew its holdings in shares of First Trust Managed Municipal ETF by 2.1% in the 3rd quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock worth $530,000 after purchasing an additional 214 shares during the last quarter. Westside Investment Management Inc. grew its position in shares of First Trust Managed Municipal ETF by 0.5% during the 3rd quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock worth $3,294,000 after buying an additional 343 shares during the period. Main Line Retirement Advisors LLC increased its stake in First Trust Managed Municipal ETF by 0.8% in the third quarter. Main Line Retirement Advisors LLC now owns 64,206 shares of the company’s stock valued at $3,336,000 after purchasing an additional 527 shares in the last quarter. Weitzel Financial Services Inc. increased its position in shares of First Trust Managed Municipal ETF by 1.2% in the 3rd quarter. Weitzel Financial Services Inc. now owns 48,183 shares of the company’s stock valued at $2,509,000 after buying an additional 569 shares in the last quarter. Finally, Arkansas Financial Group Inc. raised its position in shares of First Trust Managed Municipal ETF by 0.5% during the third quarter. Arkansas Financial Group Inc. now owns 122,323 shares of the company’s stock worth $6,356,000 after purchasing an additional 592 shares during the period.

First Trust Managed Municipal ETF Trading Up 0.2 %

FMB stock opened at $50.84 on Monday. The stock has a 50-day moving average price of $51.20 and a two-hundred day moving average price of $51.46. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a dividend of $0.14 per share. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date is Wednesday, January 22nd.

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.