First Trust Managed Municipal ETF $FMB Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 928.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,062 shares of the company’s stock after buying an additional 113,809 shares during the period. Thrivent Financial for Lutherans owned approximately 0.34% of First Trust Managed Municipal ETF worth $6,391,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FMB. Total Investment Management Inc. purchased a new stake in shares of First Trust Managed Municipal ETF in the second quarter valued at about $27,000. Evolution Wealth Management Inc. acquired a new stake in First Trust Managed Municipal ETF in the second quarter valued at about $27,000. Qube Research & Technologies Ltd purchased a new stake in First Trust Managed Municipal ETF in the 2nd quarter valued at approximately $125,000. Pinnacle Bancorp Inc. boosted its holdings in First Trust Managed Municipal ETF by 7.8% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,752 shares of the company’s stock valued at $140,000 after purchasing an additional 200 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in First Trust Managed Municipal ETF by 18.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,052 shares of the company’s stock worth $155,000 after purchasing an additional 474 shares during the period.

First Trust Managed Municipal ETF Price Performance

FMB opened at $51.60 on Friday. First Trust Managed Municipal ETF has a 12 month low of $48.19 and a 12 month high of $51.65. The business has a 50 day simple moving average of $51.23 and a 200-day simple moving average of $50.78.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were issued a $0.154 dividend. This represents a c) dividend on an annualized basis and a yield of 3.6%. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, January 21st.

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.