Koshinski Asset Management Inc. Buys 11,473 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)


Share on StockTwits

Koshinski Asset Management Inc. lifted its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 45.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 36,866 shares of the company’s stock after buying an additional 11,473 shares during the quarter. Koshinski Asset Management Inc.’s holdings in First Trust Managed Municipal ETF were worth $2,091,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Peterson Wealth Management grew its holdings in shares of First Trust Managed Municipal ETF by 17.0% during the 4th quarter. Peterson Wealth Management now owns 6,076 shares of the company’s stock valued at $345,000 after purchasing an additional 882 shares during the last quarter. Chiron Capital Management LLC grew its holdings in shares of First Trust Managed Municipal ETF by 19.6% during the 4th quarter. Chiron Capital Management LLC now owns 24,400 shares of the company’s stock valued at $1,384,000 after purchasing an additional 4,000 shares during the last quarter. Main Street Financial Solutions LLC bought a new position in shares of First Trust Managed Municipal ETF during the 4th quarter valued at $2,165,000. M Holdings Securities Inc. grew its holdings in shares of First Trust Managed Municipal ETF by 4.5% during the 4th quarter. M Holdings Securities Inc. now owns 12,640 shares of the company’s stock valued at $717,000 after purchasing an additional 547 shares during the last quarter. Finally, ERn Financial LLC grew its holdings in shares of First Trust Managed Municipal ETF by 19.9% during the 4th quarter. ERn Financial LLC now owns 213,484 shares of the company’s stock valued at $12,111,000 after purchasing an additional 35,481 shares during the last quarter.

Shares of FMB opened at $56.55 on Thursday. The firm has a fifty day simple moving average of $56.46 and a two-hundred day simple moving average of $56.57. First Trust Managed Municipal ETF has a twelve month low of $52.43 and a twelve month high of $57.72.

The company also recently declared a monthly dividend, which was paid on Friday, January 29th. Shareholders of record on Friday, January 22nd were given a dividend of $0.097 per share. The ex-dividend date of this dividend was Thursday, January 21st. This represents a $1.16 annualized dividend and a yield of 2.06%.

Recommended Story: Management Fee

Want to see what other hedge funds are holding FMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Managed Municipal ETF (NASDAQ:FMB).

Institutional Ownership by Quarter for First Trust Managed Municipal ETF (NASDAQ:FMB)

Receive News & Ratings for First Trust Managed Municipal ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Managed Municipal ETF and related companies with MarketBeat.com's FREE daily email newsletter.