Naviter Wealth LLC Boosts Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Naviter Wealth LLC raised its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 12.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,084 shares of the company’s stock after purchasing an additional 4,805 shares during the quarter. Naviter Wealth LLC owned 0.11% of First Trust Managed Municipal ETF worth $2,147,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in First Trust Managed Municipal ETF by 44.7% during the fourth quarter. Larson Financial Group LLC now owns 276,049 shares of the company’s stock valued at $14,081,000 after acquiring an additional 85,293 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of First Trust Managed Municipal ETF during the fourth quarter valued at about $58,677,000. Atria Investments Inc increased its holdings in shares of First Trust Managed Municipal ETF by 4.7% during the fourth quarter. Atria Investments Inc now owns 103,706 shares of the company’s stock valued at $5,290,000 after acquiring an additional 4,700 shares in the last quarter. Keybank National Association OH acquired a new position in shares of First Trust Managed Municipal ETF during the fourth quarter valued at about $554,000. Finally, Patten Group Inc. increased its holdings in First Trust Managed Municipal ETF by 23.5% in the 4th quarter. Patten Group Inc. now owns 19,365 shares of the company’s stock worth $988,000 after buying an additional 3,682 shares during the period.

First Trust Managed Municipal ETF Stock Performance

First Trust Managed Municipal ETF stock opened at $51.15 on Friday. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13. The stock’s 50 day simple moving average is $51.08 and its two-hundred day simple moving average is $51.39.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a $0.14 dividend. 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.