Opinicus Capital Inc. bought a new stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 48,254 shares of the company’s stock, valued at approximately $2,493,000. First Trust Managed Municipal ETF comprises about 2.5% of Opinicus Capital Inc.’s holdings, making the stock its 9th biggest position. Opinicus Capital Inc. owned 0.13% of First Trust Managed Municipal ETF at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Grant GrossMendelsohn LLC grew its stake in First Trust Managed Municipal ETF by 0.8% in the third quarter. Grant GrossMendelsohn LLC now owns 29,901 shares of the company’s stock worth $1,462,000 after purchasing an additional 225 shares in the last quarter. Foster & Motley Inc. grew its stake in First Trust Managed Municipal ETF by 0.8% in the fourth quarter. Foster & Motley Inc. now owns 39,322 shares of the company’s stock worth $2,032,000 after purchasing an additional 302 shares in the last quarter. AdvisorNet Financial Inc boosted its position in First Trust Managed Municipal ETF by 26.9% during the 4th quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock valued at $75,000 after acquiring an additional 307 shares in the last quarter. WealthCare Investment Partners LLC boosted its position in First Trust Managed Municipal ETF by 0.7% during the 4th quarter. WealthCare Investment Partners LLC now owns 48,104 shares of the company’s stock valued at $2,486,000 after acquiring an additional 327 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its position in First Trust Managed Municipal ETF by 8.3% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 4,693 shares of the company’s stock valued at $242,000 after acquiring an additional 359 shares in the last quarter.
First Trust Managed Municipal ETF Stock Up 0.0 %
NASDAQ FMB traded up $0.02 during midday trading on Friday, hitting $50.71. 116,027 shares of the company traded hands, compared to its average volume of 164,061. The company’s 50-day simple moving average is $51.27 and its 200-day simple moving average is $50.75. First Trust Managed Municipal ETF has a 52 week low of $48.08 and a 52 week high of $51.77.
First Trust Managed Municipal ETF Announces Dividend
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.
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