First Trust Managed Municipal ETF $FMB Position Raised by Advance Capital Management Inc.

Advance Capital Management Inc. raised its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 27.7% in the first quarter, HoldingsChannel.com reports. The firm owned 82,571 shares of the company’s stock after buying an additional 17,895 shares during the period. Advance Capital Management Inc.’s holdings in First Trust Managed Municipal ETF were worth $4,183,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. TrueWealth Financial Partners bought a new stake in First Trust Managed Municipal ETF in the fourth quarter worth about $12,720,000. Jane Street Group LLC boosted its position in shares of First Trust Managed Municipal ETF by 2,668.1% during the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock valued at $9,557,000 after purchasing an additional 182,683 shares in the last quarter. LPL Financial LLC boosted its position in shares of First Trust Managed Municipal ETF by 8.5% during the 4th quarter. LPL Financial LLC now owns 2,308,525 shares of the company’s stock valued at $118,046,000 after purchasing an additional 181,458 shares in the last quarter. Composition Wealth LLC grew its stake in shares of First Trust Managed Municipal ETF by 8.7% in the 4th quarter. Composition Wealth LLC now owns 1,163,045 shares of the company’s stock worth $59,472,000 after purchasing an additional 92,945 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of First Trust Managed Municipal ETF by 20.9% in the 4th quarter. NewEdge Advisors LLC now owns 405,841 shares of the company’s stock worth $20,753,000 after purchasing an additional 70,160 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

FMB stock opened at $51.44 on Tuesday. First Trust Managed Municipal ETF has a 12 month low of $49.28 and a 12 month high of $52.03. The firm has a 50 day simple moving average of $51.17 and a 200 day simple moving average of $51.26.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.157 per share. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16. The ex-dividend date was Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

First Trust Managed Municipal ETF 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.