Legacy Private Trust Co. Buys 11,418 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Legacy Private Trust Co. increased its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,155 shares of the company’s stock after buying an additional 11,418 shares during the quarter. Legacy Private Trust Co. owned 0.27% of First Trust Managed Municipal ETF worth $5,313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWA Asset Management Group LLC bought a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter worth $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 valued at $130,283,000 after buying an additional 162,331 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of First Trust Managed Municipal ETF by 5,096.0% during 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 in the last quarter. Miracle Mile Advisors LLC boosted its stake in shares of First Trust Managed Municipal ETF by 22.2% in the 3rd quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock worth $31,169,000 after buying an additional 109,001 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of First Trust Managed Municipal ETF in the second quarter valued at approximately $3,590,000.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB traded down $0.12 on Wednesday, reaching $50.93. 173,183 shares of the company’s stock traded hands, compared to its average volume of 174,289. The stock’s 50 day simple moving average is $51.31 and its two-hundred day simple moving average is $51.50. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

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

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.