Secure Asset Management LLC Has $1.49 Million Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Secure Asset Management LLC lifted its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,120 shares of the company’s stock after purchasing an additional 1,756 shares during the quarter. Secure Asset Management LLC owned approximately 0.07% of First Trust Managed Municipal ETF worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FMB. LPL Financial LLC boosted its stake in First Trust Managed Municipal ETF by 6.9% during the third quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after buying an additional 162,331 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 5.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock worth $32,128,000 after acquiring an additional 29,957 shares during the period. JPMorgan Chase & Co. boosted its position in shares of First Trust Managed Municipal ETF by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock valued at $21,896,000 after acquiring an additional 25,002 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in First Trust Managed Municipal ETF by 5.0% in the third quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock valued at $21,780,000 after acquiring an additional 19,917 shares during the period. Finally, Stifel Financial Corp raised its position in First Trust Managed Municipal ETF by 5.4% in the third quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock worth $17,186,000 after purchasing an additional 16,894 shares in the last quarter.

First Trust Managed Municipal ETF Stock Down 0.2 %

NASDAQ FMB opened at $50.74 on Friday. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13. The stock’s 50 day moving average is $51.23 and its two-hundred day moving average is $51.46.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a $0.14 dividend. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend is Wednesday, January 22nd.

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.