Etesian Wealth Advisors Inc. Acquires 10,415 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Etesian Wealth Advisors Inc. lifted its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 14.1% in the fourth quarter, HoldingsChannel reports. The fund owned 84,407 shares of the company’s stock after buying an additional 10,415 shares during the period. First Trust Managed Municipal ETF makes up 1.9% of Etesian Wealth Advisors Inc.’s investment portfolio, making the stock its 14th biggest position. Etesian Wealth Advisors Inc.’s holdings in First Trust Managed Municipal ETF were worth $4,306,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. LPL Financial LLC raised its position in First Trust Managed Municipal ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after purchasing an additional 162,331 shares during the period. Miracle Mile Advisors LLC grew its stake in shares of First Trust Managed Municipal ETF by 5.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock valued at $32,128,000 after buying an additional 29,957 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of First Trust Managed Municipal ETF by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after buying an additional 25,002 shares during the period. OneDigital Investment Advisors LLC lifted its stake in shares of First Trust Managed Municipal ETF by 5.0% in the 3rd 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 last quarter. Finally, Stifel Financial Corp boosted its holdings in First Trust Managed Municipal ETF by 5.4% during the 3rd quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock valued at $17,186,000 after acquiring an additional 16,894 shares during the period.

First Trust Managed Municipal ETF Stock Up 0.3 %

Shares of First Trust Managed Municipal ETF stock opened at $51.32 on Thursday. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13. The business’s 50 day simple moving average is $51.15 and its two-hundred day simple moving average is $51.44.

First Trust Managed Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a $0.14 dividend. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Wednesday, January 22nd.

About First Trust Managed Municipal ETF

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.