Sanctuary Advisors LLC Grows Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Sanctuary Advisors LLC increased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,918 shares of the company’s stock after purchasing an additional 6,123 shares during the quarter. Sanctuary Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $3,950,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FMB. Stock Yards Bank & Trust Co. lifted its position in First Trust Managed Municipal ETF by 14.8% in the third quarter. Stock Yards Bank & Trust Co. now owns 35,845 shares of the company’s stock valued at $1,863,000 after acquiring an additional 4,613 shares during the last quarter. Capstone Capital LLC purchased a new stake in First Trust Managed Municipal ETF in the third quarter valued at approximately $401,000. Westside Investment Management Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 0.5% in the third quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after acquiring an additional 343 shares during the period. Main Line Retirement Advisors LLC grew its position in shares of First Trust Managed Municipal ETF by 0.8% during the third quarter. Main Line Retirement Advisors LLC now owns 64,206 shares of the company’s stock worth $3,336,000 after acquiring an additional 527 shares during the last quarter. Finally, Frisch Financial Group Inc. increased its holdings in shares of First Trust Managed Municipal ETF by 10.8% in the 3rd quarter. Frisch Financial Group Inc. now owns 204,679 shares of the company’s stock valued at $10,635,000 after acquiring an additional 19,956 shares during the period.

First Trust Managed Municipal ETF Stock Up 0.1 %

Shares of NASDAQ:FMB opened at $51.35 on Tuesday. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13. The company has a 50-day simple moving average of $51.49 and a 200-day simple moving average of $51.52.

First Trust Managed Municipal ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.139 dividend. The ex-dividend date is Friday, December 13th.

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.