International Assets Investment Management LLC Buys 112,010 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

International Assets Investment Management LLC increased its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 5,096.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,208 shares of the company’s stock after buying an additional 112,010 shares during the quarter. International Assets Investment Management LLC owned about 0.29% of First Trust Managed Municipal ETF worth $5,934,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in First Trust Managed Municipal ETF in the first quarter worth $15,269,000. Cetera Investment Advisers increased its stake in First Trust Managed Municipal ETF by 246.7% in 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 during the period. Avantax Advisory Services Inc. increased its stake in 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 worth $26,963,000 after purchasing an additional 161,642 shares during the period. ARQ Wealth Advisors LLC purchased a new stake in First Trust Managed Municipal ETF in the first quarter worth $6,428,000. Finally, Miracle Mile Advisors LLC increased its stake in shares of First Trust Managed Municipal ETF by 22.2% during the third quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock valued at $31,169,000 after buying an additional 109,001 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of First Trust Managed Municipal ETF stock opened at $51.14 on Friday. First Trust Managed Municipal ETF has a 12 month low of $48.08 and a 12 month high of $52.13. The stock’s fifty day moving average price is $51.72 and its 200-day moving average price is $51.38.

First Trust Managed Municipal ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were paid a dividend of $0.139 per share. The ex-dividend date of this dividend was Tuesday, October 22nd.

First Trust Managed Municipal ETF Company 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.