Valmark Advisers Inc. Has $964,000 Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Valmark Advisers Inc. raised its stake in First Trust Managed Municipal ETF (NASDAQ:FMBGet Rating) by 31.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,175 shares of the company’s stock after acquiring an additional 4,352 shares during the quarter. Valmark Advisers Inc.’s holdings in First Trust Managed Municipal ETF were worth $964,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Confluence Wealth Services Inc. acquired a new stake in First Trust Managed Municipal ETF in the 4th quarter valued at about $62,000. Elequin Capital LP acquired a new stake in First Trust Managed Municipal ETF in the 4th quarter valued at about $64,000. First Horizon Advisors Inc. increased its position in First Trust Managed Municipal ETF by 631.6% in the 4th quarter. First Horizon Advisors Inc. now owns 1,134 shares of the company’s stock valued at $64,000 after acquiring an additional 979 shares in the last quarter. Tyler Stone Wealth Management acquired a new stake in First Trust Managed Municipal ETF in the 4th quarter valued at about $127,000. Finally, O Dell Group LLC increased its position in First Trust Managed Municipal ETF by 41.7% in the 1st quarter. O Dell Group LLC now owns 2,547 shares of the company’s stock valued at $135,000 after acquiring an additional 750 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

FMB opened at $51.71 on Tuesday. First Trust Managed Municipal ETF has a 1-year low of $49.97 and a 1-year high of $57.59. The firm has a 50-day moving average price of $51.13 and a two-hundred day moving average price of $52.31.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 22nd were paid a $0.106 dividend. This represents a $1.27 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Thursday, July 21st. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.10.

Read More

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:FMBGet Rating).

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.