Etesian Wealth Advisors Inc. Acquires 10,415 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Etesian Wealth Advisors Inc. raised its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 14.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,407 shares of the company’s stock after acquiring an additional 10,415 shares during the quarter. First Trust Managed Municipal ETF comprises approximately 1.9% of Etesian Wealth Advisors Inc.’s portfolio, making the stock its 14th biggest holding. Etesian Wealth Advisors Inc. owned approximately 0.21% of First Trust Managed Municipal ETF worth $4,306,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC increased its holdings in First Trust Managed Municipal ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after acquiring an additional 162,331 shares during the period. Miracle Mile Advisors LLC increased its holdings in shares of First Trust Managed Municipal ETF by 5.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock worth $32,128,000 after purchasing an additional 29,957 shares during the period. JPMorgan Chase & Co. raised its position in shares of First Trust Managed Municipal ETF by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after buying an additional 25,002 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in First Trust Managed Municipal ETF by 5.0% during the third quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock valued at $21,780,000 after buying an additional 19,917 shares during the period. Finally, Stifel Financial Corp grew its position in First Trust Managed Municipal ETF by 5.4% during the third quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock worth $17,186,000 after buying an additional 16,894 shares in the last quarter.

First Trust Managed Municipal ETF Stock Up 0.3 %

NASDAQ:FMB opened at $51.32 on Thursday. The business’s 50-day moving average price is $51.15 and its two-hundred day moving average price is $51.44. 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 business also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid 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 was 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.