Envestnet Asset Management Inc. Has $20.59 Million Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Envestnet Asset Management Inc. increased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 14.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,320 shares of the company’s stock after purchasing an additional 50,146 shares during the period. Envestnet Asset Management Inc. owned approximately 1.04% of First Trust Managed Municipal ETF worth $20,594,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Orion Portfolio Solutions LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 32.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 35,638 shares of the company’s stock valued at $1,842,000 after buying an additional 8,826 shares during the period. Advisory Services Network LLC boosted its stake in First Trust Managed Municipal ETF by 4.3% in the 4th quarter. Advisory Services Network LLC now owns 22,530 shares of the company’s stock worth $1,164,000 after purchasing an additional 930 shares during the period. Stifel Financial Corp increased its holdings in First Trust Managed Municipal ETF by 14.5% during the 4th quarter. Stifel Financial Corp now owns 250,307 shares of the company’s stock worth $12,932,000 after purchasing an additional 31,722 shares in the last quarter. Avestar Capital LLC raised its stake in shares of First Trust Managed Municipal ETF by 17.7% in the 4th quarter. Avestar Capital LLC now owns 24,870 shares of the company’s stock valued at $1,285,000 after purchasing an additional 3,738 shares during the period. Finally, Condor Capital Management bought a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter valued at about $791,000.

First Trust Managed Municipal ETF Stock Down 0.0 %

FMB stock opened at $52.03 on Monday. First Trust Managed Municipal ETF has a fifty-two week low of $48.08 and a fifty-two week high of $52.13. The business has a 50-day moving average of $51.65 and a 200-day moving average of $51.31.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.138 per share. The ex-dividend date was Wednesday, August 21st. This is an increase 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.