Pinnacle Bancorp Inc. Buys 1,300 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Pinnacle Bancorp Inc. boosted its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 152.9% during the fourth quarter, Holdings Channel reports. The firm owned 2,150 shares of the company’s stock after purchasing an additional 1,300 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in First Trust Managed Municipal ETF were worth $110,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FMB. Christopher J. Hasenberg Inc increased its position in First Trust Managed Municipal ETF by 51.8% during the fourth 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. Sentinel Pension Advisors Inc. lifted its stake in shares of First Trust Managed Municipal ETF by 27.2% in the 4th quarter. Sentinel Pension Advisors Inc. now owns 50,146 shares of the company’s stock worth $2,558,000 after purchasing an additional 10,737 shares during the period. Miracle Mile Advisors LLC lifted its stake in shares of First Trust Managed Municipal ETF by 5.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock worth $32,128,000 after purchasing an additional 29,957 shares during the period. Legacy Private Trust Co. boosted its holdings in shares of First Trust Managed Municipal ETF by 12.3% in the fourth quarter. Legacy Private Trust Co. now owns 104,155 shares of the company’s stock worth $5,313,000 after buying an additional 11,418 shares during the last quarter. Finally, Advance Capital Management Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 2.8% in the fourth quarter. Advance Capital Management Inc. now owns 91,276 shares of the company’s stock worth $4,656,000 after buying an additional 2,460 shares during the last quarter.

First Trust Managed Municipal ETF Stock Up 0.1 %

Shares of FMB stock opened at $50.80 on Friday. The company has a 50 day simple moving average of $51.26 and a two-hundred day simple moving average of $51.47. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.139 per share. The ex-dividend date was Friday, December 13th.

First Trust Managed Municipal ETF Company 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.