Occidental Asset Management LLC Acquires 2,470 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Occidental Asset Management LLC increased its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 28.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,002 shares of the company’s stock after acquiring an additional 2,470 shares during the period. Occidental Asset Management LLC’s holdings in First Trust Managed Municipal ETF were worth $565,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Independence Bank of Kentucky bought a new position in shares of First Trust Managed Municipal ETF in the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp purchased a new position in First Trust Managed Municipal ETF in the fourth quarter valued at approximately $52,000. AdvisorNet Financial Inc lifted its stake in First Trust Managed Municipal ETF by 26.9% in the fourth quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock valued at $75,000 after purchasing an additional 307 shares during the last quarter. Tidemark LLC purchased a new position in First Trust Managed Municipal ETF in the fourth quarter valued at approximately $76,000. Finally, NBC Securities Inc. lifted its stake in First Trust Managed Municipal ETF by 71.4% in the fourth quarter. NBC Securities Inc. now owns 2,575 shares of the company’s stock valued at $133,000 after purchasing an additional 1,073 shares during the last quarter.

First Trust Managed Municipal ETF Trading Down 0.2 %

First Trust Managed Municipal ETF stock opened at $51.06 on Friday. First Trust Managed Municipal ETF has a 12 month low of $48.08 and a 12 month high of $51.77. The business’s 50 day simple moving average is $51.02 and its 200 day simple moving average is $51.26.

First Trust Managed Municipal ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a $0.137 dividend. The ex-dividend date of this dividend was Thursday, June 27th.

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.