US Bancorp DE Increases Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

US Bancorp DE lifted its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 45.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,861 shares of the company’s stock after buying an additional 3,376 shares during the quarter. US Bancorp DE’s holdings in First Trust Managed Municipal ETF were worth $554,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Pinnacle Bancorp Inc. grew its position in First Trust Managed Municipal ETF by 152.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after purchasing an additional 1,300 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of First Trust Managed Municipal ETF by 177.8% during the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after buying an additional 1,778 shares during the period. Dopkins Wealth Management LLC purchased a new position in shares of First Trust Managed Municipal ETF during the third quarter worth about $201,000. TrueWealth Advisors LLC acquired a new position in First Trust Managed Municipal ETF in the 4th quarter valued at about $207,000. Finally, Christopher J. Hasenberg Inc raised its stake in First Trust Managed Municipal ETF by 51.8% during the 4th quarter. Christopher J. Hasenberg Inc now owns 4,877 shares of the company’s stock valued at $249,000 after acquiring an additional 1,664 shares during the last quarter.

First Trust Managed Municipal ETF Stock Down 0.3 %

Shares of NASDAQ:FMB opened at $51.05 on Wednesday. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13. The firm’s 50-day simple moving average is $51.09 and its 200-day simple moving average is $51.38.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, February 21st.

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.