First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Purchased by Advance Capital Management Inc.

Advance Capital Management Inc. raised its stake in First Trust Managed Municipal ETF (NASDAQ:FMBFree Report) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,276 shares of the company’s stock after acquiring an additional 2,460 shares during the quarter. First Trust Managed Municipal ETF makes up approximately 0.2% of Advance Capital Management Inc.’s investment portfolio, making the stock its 21st largest position. Advance Capital Management Inc.’s holdings in First Trust Managed Municipal ETF were worth $4,656,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. CWA Asset Management Group LLC purchased a new position in First Trust Managed Municipal ETF during the third quarter worth approximately $13,088,000. LPL Financial LLC raised its stake in shares of First Trust Managed Municipal ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after buying an additional 162,331 shares during the period. International Assets Investment Management LLC lifted its position in shares of First Trust Managed Municipal ETF by 5,096.0% during the 3rd quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock valued at $5,934,000 after buying an additional 112,010 shares in the last quarter. Miracle Mile Advisors LLC grew its stake in First Trust Managed Municipal ETF by 22.2% in the 3rd quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock valued at $31,169,000 after acquiring an additional 109,001 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in First Trust Managed Municipal ETF in the 2nd quarter worth $3,590,000.

First Trust Managed Municipal ETF Stock Performance

FMB traded up $0.08 during midday trading on Monday, hitting $51.15. 180,939 shares of the company traded hands, compared to its average volume of 180,820. The business has a 50 day simple moving average of $51.31 and a two-hundred day simple moving average of $51.50. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.139 dividend. The ex-dividend date was Friday, December 13th.

First Trust Managed Municipal ETF Profile

(Free Report)

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.

Further Reading

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

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