GM Advisory Group LLC Raises Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

GM Advisory Group LLC boosted its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 21.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,632 shares of the company’s stock after buying an additional 29,187 shares during the quarter. GM Advisory Group LLC owned 0.43% of First Trust Managed Municipal ETF worth $8,457,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in shares of First Trust Managed Municipal ETF in the 1st quarter valued at $15,269,000. Wells Fargo & Company MN lifted its position in shares of First Trust Managed Municipal ETF by 14.0% during the fourth quarter. Wells Fargo & Company MN now owns 2,042,465 shares of the company’s stock worth $105,523,000 after purchasing an additional 251,160 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of First Trust Managed Municipal ETF by 246.7% during the first quarter. Cetera Investment Advisers now owns 252,562 shares of the company’s stock worth $12,972,000 after purchasing an additional 179,710 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 44.5% in the first quarter. Avantax Advisory Services Inc. now owns 524,971 shares of the company’s stock valued at $26,963,000 after purchasing an additional 161,642 shares during the period. Finally, Vantage Financial Partners Ltd. Inc. acquired a new position in shares of First Trust Managed Municipal ETF in the fourth quarter valued at approximately $7,348,000.

First Trust Managed Municipal ETF Trading Up 0.1 %

First Trust Managed Municipal ETF stock opened at $52.04 on Friday. First Trust Managed Municipal ETF has a 52-week low of $48.08 and a 52-week high of $52.13. The company’s 50 day moving average is $51.64 and its two-hundred day moving average is $51.31.

First Trust Managed Municipal ETF Increases Dividend

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

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.