Advisory Resource Group Purchases 1,528 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Advisory Resource Group boosted its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 18.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,676 shares of the company’s stock after purchasing an additional 1,528 shares during the quarter. Advisory Resource Group’s holdings in First Trust Managed Municipal ETF were worth $488,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tucker Asset Management LLC raised its holdings in First Trust Managed Municipal ETF by 933.3% during the fourth quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock worth $30,000 after acquiring an additional 532 shares in the last quarter. GAMMA Investing LLC increased its position in First Trust Managed Municipal ETF by 4,941.9% during the first quarter. GAMMA Investing LLC now owns 1,563 shares of the company’s stock worth $79,000 after acquiring an additional 1,532 shares during the period. Duncker Streett & Co. Inc. bought a new position in First Trust Managed Municipal ETF during the fourth quarter worth about $108,000. Hanson & Doremus Investment Management bought a new position in First Trust Managed Municipal ETF in the 1st quarter valued at about $113,000. Finally, NBC Securities Inc. increased its holdings in First Trust Managed Municipal ETF by 119,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,382 shares of the company’s stock valued at $120,000 after buying an additional 2,380 shares during the period.

First Trust Managed Municipal ETF Trading Down 0.1%

NASDAQ:FMB opened at $49.76 on Thursday. The firm’s 50 day simple moving average is $49.66 and its 200 day simple moving average is $50.53. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.142 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Wednesday, May 21st. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14.

First Trust Managed Municipal ETF 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.