Foster & Motley Inc. Raises Holdings in First Trust Managed Municipal ETF $FMB

Foster & Motley Inc. lifted its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 17.0% during the first quarter, Holdings Channel reports. The firm owned 127,437 shares of the company’s stock after acquiring an additional 18,515 shares during the quarter. Foster & Motley Inc.’s holdings in First Trust Managed Municipal ETF were worth $6,456,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in FMB. Friday Financial grew its position in shares of First Trust Managed Municipal ETF by 111.3% during the fourth quarter. Friday Financial now owns 31,429 shares of the company’s stock worth $1,607,000 after acquiring an additional 16,555 shares during the last quarter. Pursuit Wealth Management LLC purchased a new stake in First Trust Managed Municipal ETF in the 4th quarter valued at $1,382,000. QP Wealth Management LLC acquired a new stake in First Trust Managed Municipal ETF during the 4th quarter worth $728,000. Citigroup Inc. boosted its stake in First Trust Managed Municipal ETF by 13.9% during the 3rd quarter. Citigroup Inc. now owns 180,647 shares of the company’s stock worth $9,159,000 after purchasing an additional 21,979 shares during the period. Finally, Cooksen Wealth LLC purchased a new position in First Trust Managed Municipal ETF during the 4th quarter worth $634,000.

First Trust Managed Municipal ETF Stock Performance

NASDAQ FMB opened at $51.30 on Friday. First Trust Managed Municipal ETF has a one year low of $49.28 and a one year high of $52.03. The firm’s fifty day moving average is $51.14 and its two-hundred day moving average is $51.24.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be issued a dividend of $0.157 per share. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, June 25th.

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.