Dynamic Advisor Solutions LLC Boosts Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Dynamic Advisor Solutions LLC lifted its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 127.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,027 shares of the company’s stock after buying an additional 5,609 shares during the period. Dynamic Advisor Solutions LLC’s holdings in First Trust Managed Municipal ETF were worth $511,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. NewEdge Advisors LLC boosted its position in First Trust Managed Municipal ETF by 39.3% in the second quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock worth $12,084,000 after purchasing an additional 66,762 shares during the last quarter. Traction Financial Partners LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 83.8% in the 2nd quarter. Traction Financial Partners LLC now owns 28,971 shares of the company’s stock worth $1,494,000 after buying an additional 13,211 shares during the last quarter. HFG Wealth Management LLC grew its position in First Trust Managed Municipal ETF by 1.8% during the second quarter. HFG Wealth Management LLC now owns 51,836 shares of the company’s stock valued at $2,647,000 after buying an additional 902 shares during the period. Truist Financial Corp increased its holdings in First Trust Managed Municipal ETF by 1.9% during the second quarter. Truist Financial Corp now owns 289,752 shares of the company’s stock worth $14,795,000 after buying an additional 5,387 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in First Trust Managed Municipal ETF by 7.9% in the second quarter. Cetera Investment Advisers now owns 272,638 shares of the company’s stock worth $13,921,000 after acquiring an additional 20,076 shares during the period.

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock opened at $51.06 on Tuesday. The firm has a 50 day moving average price of $51.20 and a 200-day moving average price of $51.46. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

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

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.