Main Line Retirement Advisors LLC Has $3.22 Million Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Main Line Retirement Advisors LLC increased its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 6.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,627 shares of the company’s stock after purchasing an additional 3,892 shares during the quarter. First Trust Managed Municipal ETF makes up approximately 2.5% of Main Line Retirement Advisors LLC’s holdings, making the stock its 11th biggest holding. Main Line Retirement Advisors LLC owned approximately 0.16% of First Trust Managed Municipal ETF worth $3,216,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FMB. Independence Bank of Kentucky bought a new stake in First Trust Managed Municipal ETF during the 4th quarter worth about $27,000. Jones Financial Companies Lllp bought a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth $52,000. AdvisorNet Financial Inc raised its holdings in shares of First Trust Managed Municipal ETF by 26.9% during the fourth quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock worth $75,000 after acquiring an additional 307 shares during the period. Tidemark LLC acquired a new position in shares of First Trust Managed Municipal ETF during the fourth quarter worth about $76,000. Finally, NBC Securities Inc. boosted its position in First Trust Managed Municipal ETF by 71.4% during the 4th quarter. NBC Securities Inc. now owns 2,575 shares of the company’s stock worth $133,000 after acquiring an additional 1,073 shares during the last quarter.

First Trust Managed Municipal ETF Stock Up 0.2 %

First Trust Managed Municipal ETF stock traded up $0.11 during mid-day trading on Tuesday, reaching $51.11. The company’s stock had a trading volume of 14,516 shares, compared to its average volume of 154,791. First Trust Managed Municipal ETF has a 12 month low of $48.08 and a 12 month high of $51.77. The business’s 50 day simple moving average is $51.02 and its 200 day simple moving average is $51.26.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.137 dividend. The ex-dividend date was Thursday, June 27th.

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.