First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Bought by HCR Wealth Advisors

HCR Wealth Advisors raised its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 85.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,344 shares of the company’s stock after acquiring an additional 3,844 shares during the quarter. HCR Wealth Advisors’ holdings in First Trust Managed Municipal ETF were worth $431,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its position in First Trust Managed Municipal ETF by 2.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 17,616 shares of the company’s stock valued at $910,000 after acquiring an additional 427 shares during the last quarter. RFG Advisory LLC grew its stake in First Trust Managed Municipal ETF by 916.2% during the 4th quarter. RFG Advisory LLC now owns 194,688 shares of the company’s stock worth $10,058,000 after buying an additional 175,530 shares during the last quarter. Stock Yards Bank & Trust Co. increased its position in First Trust Managed Municipal ETF by 37.7% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 40,557 shares of the company’s stock worth $2,095,000 after buying an additional 11,110 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in First Trust Managed Municipal ETF by 4.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 29,259 shares of the company’s stock valued at $1,512,000 after buying an additional 1,332 shares during the last quarter. Finally, Grant GrossMendelsohn LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 2.5% in the fourth quarter. Grant GrossMendelsohn LLC now owns 30,646 shares of the company’s stock valued at $1,568,000 after acquiring an additional 745 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of First Trust Managed Municipal ETF stock traded down $0.02 during trading on Friday, reaching $50.64. The company’s stock had a trading volume of 158,264 shares, compared to its average volume of 157,270. The company has a 50-day moving average price of $51.08 and a two-hundred day moving average price of $51.09. First Trust Managed Municipal ETF has a fifty-two week low of $48.08 and a fifty-two week high of $51.77.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 22nd will be issued a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.20%.

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.