Investment Planning Advisors Inc. Increases Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Investment Planning Advisors Inc. raised its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 22.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,764 shares of the company’s stock after acquiring an additional 8,815 shares during the quarter. First Trust Managed Municipal ETF makes up 1.1% of Investment Planning Advisors Inc.’s investment portfolio, making the stock its 21st largest position. Investment Planning Advisors Inc. owned 0.12% of First Trust Managed Municipal ETF worth $2,487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FMB. PFS Partners LLC boosted its stake in First Trust Managed Municipal ETF by 2.1% during the third quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock worth $530,000 after acquiring an additional 214 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 0.5% during the third quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after purchasing an additional 343 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in shares of First Trust Managed Municipal ETF by 5.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 7,838 shares of the company’s stock worth $400,000 after purchasing an additional 386 shares in the last quarter. Main Line Retirement Advisors LLC grew its stake in shares of First Trust Managed Municipal ETF by 0.8% in the 3rd quarter. Main Line Retirement Advisors LLC now owns 64,206 shares of the company’s stock worth $3,336,000 after buying an additional 527 shares during the last quarter. Finally, Weitzel Financial Services Inc. increased its position in First Trust Managed Municipal ETF by 1.2% during the 3rd quarter. Weitzel Financial Services Inc. now owns 48,183 shares of the company’s stock valued at $2,509,000 after buying an additional 569 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock opened at $51.06 on Tuesday. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13. The business’s fifty day simple moving average is $51.20 and its two-hundred day simple moving average is $51.46.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.14 per share. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date is Wednesday, January 22nd.

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.