Commonwealth Equity Services LLC Raises Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Commonwealth Equity Services LLC boosted its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,212 shares of the company’s stock after purchasing an additional 48,986 shares during the quarter. Commonwealth Equity Services LLC owned about 0.78% of First Trust Managed Municipal ETF worth $15,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of FMB. Avantax Advisory Services Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 604,941 shares of the company’s stock worth $30,858,000 after purchasing an additional 2,306 shares in the last quarter. Independent Advisor Alliance purchased a new stake in First Trust Managed Municipal ETF in the fourth quarter worth approximately $14,829,000. Sowell Financial Services LLC purchased a new stake in First Trust Managed Municipal ETF in the fourth quarter worth approximately $1,199,000. Naviter Wealth LLC grew its position in First Trust Managed Municipal ETF by 12.9% during the fourth quarter. Naviter Wealth LLC now owns 42,084 shares of the company’s stock valued at $2,147,000 after acquiring an additional 4,805 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of First Trust Managed Municipal ETF by 44.7% during the fourth quarter. Larson Financial Group LLC now owns 276,049 shares of the company’s stock worth $14,081,000 after acquiring an additional 85,293 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB opened at $50.84 on Tuesday. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13. The firm has a 50 day moving average price of $51.07 and a 200-day moving average price of $51.36.

First Trust Managed Municipal ETF Announces Dividend

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

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.