Benjamin F. Edwards & Company Inc. raised its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,916 shares of the company’s stock after purchasing an additional 793 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in First Trust Managed Municipal ETF were worth $966,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. DHJJ Financial Advisors Ltd. raised its stake in First Trust Managed Municipal ETF by 119.4% in the second quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock valued at $40,000 after purchasing an additional 430 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of First Trust Managed Municipal ETF in the 2nd quarter valued at approximately $51,000. Jones Financial Companies Lllp bought a new stake in shares of First Trust Managed Municipal ETF during the 4th quarter worth approximately $52,000. IAG Wealth Partners LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $53,000. Finally, WR Wealth Planners LLC bought a new position in First Trust Managed Municipal ETF in the second quarter valued at approximately $56,000.
First Trust Managed Municipal ETF Stock Performance
NASDAQ FMB opened at $52.03 on Tuesday. The business has a fifty day moving average price of $51.66 and a two-hundred day moving average price of $51.32. First Trust Managed Municipal ETF has a fifty-two week low of $48.08 and a fifty-two week high of $52.13.
First Trust Managed Municipal ETF Increases Dividend
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.
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