Meeder Advisory Services Inc. Takes $341,000 Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Meeder Advisory Services Inc. acquired a new position in First Trust Managed Municipal ETF (NASDAQ:FMB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,684 shares of the company’s stock, valued at approximately $341,000.

Other hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the first quarter worth $15,269,000. Wells Fargo & Company MN raised its holdings in shares of First Trust Managed Municipal ETF by 14.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,042,465 shares of the company’s stock worth $105,523,000 after buying an additional 251,160 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of First Trust Managed Municipal ETF by 246.7% in the 1st quarter. Cetera Investment Advisers now owns 252,562 shares of the company’s stock worth $12,972,000 after buying an additional 179,710 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of First Trust Managed Municipal ETF by 44.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 524,971 shares of the company’s stock worth $26,963,000 after buying an additional 161,642 shares during the period. Finally, Vantage Financial Partners Ltd. Inc. acquired a new stake in First Trust Managed Municipal ETF in the 4th quarter valued at $7,348,000.

First Trust Managed Municipal ETF Stock Up 0.1 %

FMB opened at $52.01 on Monday. The firm’s 50-day simple moving average is $51.58 and its 200-day simple moving average is $51.30. First Trust Managed Municipal ETF has a twelve month low of $48.08 and a twelve month high of $52.07.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were paid a $0.138 dividend. The ex-dividend date was Wednesday, August 21st. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.