Gladstone Institutional Advisory LLC Boosts Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Gladstone Institutional Advisory LLC raised its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 11.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,083 shares of the company’s stock after acquiring an additional 1,032 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in First Trust Managed Municipal ETF were worth $524,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. DHJJ Financial Advisors Ltd. lifted its position in shares of First Trust Managed Municipal ETF by 119.4% in the second quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock worth $40,000 after buying an additional 430 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $51,000. IAG Wealth Partners LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $53,000. WR Wealth Planners LLC bought a new position in shares of First Trust Managed Municipal ETF during the 2nd quarter valued at approximately $56,000. Finally, International Assets Investment Management LLC purchased a new position in shares of First Trust Managed Municipal ETF in the second quarter valued at $112,000.

First Trust Managed Municipal ETF Stock Down 0.0 %

First Trust Managed Municipal ETF stock opened at $51.12 on Monday. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13. The firm’s fifty day moving average is $51.71 and its 200 day moving average is $51.39.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.139 per share. The ex-dividend date was Tuesday, October 22nd.

First Trust Managed Municipal ETF 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.