Tucker Asset Management LLC Acquires 532 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Tucker Asset Management LLC boosted its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 933.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 589 shares of the company’s stock after acquiring an additional 532 shares during the quarter. Tucker Asset Management LLC’s holdings in First Trust Managed Municipal ETF were worth $30,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Hedeker Wealth LLC grew its holdings in First Trust Managed Municipal ETF by 53.3% during the fourth quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock valued at $2,717,000 after purchasing an additional 18,519 shares during the period. Atomi Financial Group Inc. bought a new stake in First Trust Managed Municipal ETF during the fourth quarter worth $249,000. US Bancorp DE grew its holdings in First Trust Managed Municipal ETF by 45.1% during the fourth quarter. US Bancorp DE now owns 10,861 shares of the company’s stock worth $554,000 after purchasing an additional 3,376 shares during the period. Keybank National Association OH bought a new position in shares of First Trust Managed Municipal ETF during the 4th quarter worth approximately $554,000. Finally, Bank of New York Mellon Corp boosted its position in First Trust Managed Municipal ETF by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 209,281 shares of the company’s stock worth $10,675,000 after purchasing an additional 5,574 shares during the period.

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock opened at $50.36 on Friday. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13. The company’s 50-day moving average price is $51.04 and its two-hundred day moving average price is $51.30.

First Trust Managed Municipal ETF Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, March 27th.

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.