Marshall Investment Management LLC Invests $282,000 in First Trust Managed Municipal ETF (NASDAQ:FMB)

Marshall Investment Management LLC bought a new position in First Trust Managed Municipal ETF (NASDAQ:FMB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,426 shares of the company’s stock, valued at approximately $282,000.

Other institutional investors have also recently made changes to their positions in the company. CWA Asset Management Group LLC purchased a new position in First Trust Managed Municipal ETF in the 3rd quarter worth about $13,088,000. LPL Financial LLC increased its stake in First Trust Managed Municipal ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after buying an additional 162,331 shares during the period. Brady Martz Wealth Solutions LLC purchased a new position in First Trust Managed Municipal ETF in the 4th quarter worth about $6,440,000. International Assets Investment Management LLC increased its stake in First Trust Managed Municipal ETF by 5,096.0% in the 3rd quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock worth $5,934,000 after buying an additional 112,010 shares during the period. Finally, Golden State Wealth Management LLC purchased a new position in First Trust Managed Municipal ETF in the 4th quarter worth about $3,560,000.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $51.24 on Friday. The company’s 50-day simple moving average is $51.00 and its two-hundred day simple moving average is $51.42. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.14 per share. The ex-dividend date is Friday, February 21st.

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.