Jones Financial Companies Lllp Boosts Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Jones Financial Companies Lllp raised its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 244.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,085 shares of the company’s stock after acquiring an additional 47,587 shares during the period. Jones Financial Companies Lllp owned approximately 0.17% of First Trust Managed Municipal ETF worth $3,422,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Duncker Streett & Co. Inc. purchased a new position in First Trust Managed Municipal ETF in the fourth quarter worth $108,000. Pinnacle Bancorp Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after purchasing an additional 1,300 shares in the last quarter. Fifth Third Bancorp increased its position in shares of First Trust Managed Municipal ETF by 177.8% during the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after purchasing an additional 1,778 shares during the last quarter. Dopkins Wealth Management LLC purchased a new position in shares of First Trust Managed Municipal ETF during the 3rd quarter valued at about $201,000. Finally, TrueWealth Advisors LLC bought a new stake in First Trust Managed Municipal ETF in the 4th quarter worth approximately $207,000.

First Trust Managed Municipal ETF Stock Down 0.0 %

Shares of FMB opened at $51.29 on Thursday. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13. The stock has a 50 day simple moving average of $51.07 and a two-hundred day simple moving average of $51.40.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.14 per share. The ex-dividend date was Friday, February 21st.

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.