Pineridge Advisors LLC Makes New $534,000 Investment in First Trust Managed Municipal ETF (NASDAQ:FMB)

Pineridge Advisors LLC acquired a new position in First Trust Managed Municipal ETF (NASDAQ:FMBFree Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 10,341 shares of the company’s stock, valued at approximately $534,000.

Other institutional investors have also added to or reduced their stakes in the company. Kestra Advisory Services LLC increased its holdings in shares of First Trust Managed Municipal ETF by 5.5% during the third quarter. Kestra Advisory Services LLC now owns 267,625 shares of the company’s stock valued at $13,082,000 after acquiring an additional 13,840 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of First Trust Managed Municipal ETF during the third quarter valued at $1,365,000. Envestnet Asset Management Inc. boosted its position in shares of First Trust Managed Municipal ETF by 1.4% during the third quarter. Envestnet Asset Management Inc. now owns 306,351 shares of the company’s stock valued at $14,974,000 after buying an additional 4,284 shares during the last quarter. LPL Financial LLC boosted its position in shares of First Trust Managed Municipal ETF by 13.6% during the third quarter. LPL Financial LLC now owns 2,311,853 shares of the company’s stock valued at $113,003,000 after buying an additional 277,430 shares during the last quarter. Finally, Visionary Wealth Advisors boosted its position in shares of First Trust Managed Municipal ETF by 1.0% during the third quarter. Visionary Wealth Advisors now owns 47,626 shares of the company’s stock valued at $2,328,000 after buying an additional 469 shares during the last quarter.

First Trust Managed Municipal ETF Trading Up 0.1 %

Shares of First Trust Managed Municipal ETF stock traded up $0.06 during trading on Friday, hitting $51.43. 137,407 shares of the company’s stock traded hands, compared to its average volume of 158,015. The business has a 50-day simple moving average of $50.95 and a 200-day simple moving average of $51.23. First Trust Managed Municipal ETF has a 1 year low of $48.08 and a 1 year high of $51.77.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd were given a $0.135 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $1.62 annualized dividend and a yield of 3.15%.

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.

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

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