Envestnet Portfolio Solutions Inc. Has $1.83 Million Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Envestnet Portfolio Solutions Inc. lifted its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,778 shares of the company’s stock after acquiring an additional 1,041 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Managed Municipal ETF were worth $1,825,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FMB. LPL Financial LLC lifted 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 buying an additional 162,331 shares during the period. Raymond James Financial Inc. acquired a new position in First Trust Managed Municipal ETF during the 4th quarter worth about $58,677,000. Miracle Mile Advisors LLC lifted its holdings in First Trust Managed Municipal ETF by 5.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock worth $32,128,000 after buying an additional 29,957 shares during the period. Avantax Advisory Services Inc. lifted its holdings in First Trust Managed Municipal ETF by 0.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 604,941 shares of the company’s stock worth $30,858,000 after buying an additional 2,306 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in First Trust Managed Municipal ETF by 6.3% during the 3rd 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 during the period.

First Trust Managed Municipal ETF Stock Up 0.1 %

Shares of FMB opened at $50.93 on Friday. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13. The stock’s 50-day moving average price is $51.07 and its two-hundred day moving average price is $51.35.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, February 21st.

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.