47,442 Shares in First Trust Managed Municipal ETF $FMB Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC acquired a new stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) during the 3rd quarter, Holdings Channel reports. The fund acquired 47,442 shares of the company’s stock, valued at approximately $2,405,000.

Other large investors have also bought and sold shares of the company. Miracle Mile Advisors LLC grew its holdings in shares of First Trust Managed Municipal ETF by 50.3% during the third quarter. Miracle Mile Advisors LLC now owns 1,070,100 shares of the company’s stock valued at $54,256,000 after buying an additional 358,121 shares during the last quarter. Jane Street Group LLC boosted its stake in First Trust Managed Municipal ETF by 2,668.1% during the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock valued at $9,557,000 after purchasing an additional 182,683 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in First Trust Managed Municipal ETF by 928.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 126,062 shares of the company’s stock valued at $6,391,000 after purchasing an additional 113,809 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of First Trust Managed Municipal ETF by 37.0% in the second quarter. Rockefeller Capital Management L.P. now owns 255,039 shares of the company’s stock worth $12,706,000 after purchasing an additional 68,909 shares during the last quarter. Finally, Avantax Planning Partners Inc. raised its stake in shares of First Trust Managed Municipal ETF by 7.6% in the third quarter. Avantax Planning Partners Inc. now owns 899,949 shares of the company’s stock worth $45,629,000 after purchasing an additional 63,619 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock opened at $51.60 on Monday. First Trust Managed Municipal ETF has a one year low of $48.19 and a one year high of $51.65. The business’s fifty day moving average is $51.23 and its 200 day moving average is $50.80.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were given a dividend of $0.154 per share. This represents a c) dividend on an annualized basis and a yield of 3.6%. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15. The ex-dividend date was Wednesday, January 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.