Signature Estate & Investment Advisors LLC Acquires Shares of 5,160 First Trust Managed Municipal ETF (NASDAQ:FMB)

Signature Estate & Investment Advisors LLC bought a new position in First Trust Managed Municipal ETF (NASDAQ:FMB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,160 shares of the company’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its position in First Trust Managed Municipal ETF by 2.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 17,616 shares of the company’s stock valued at $910,000 after purchasing an additional 427 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 4.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 29,259 shares of the company’s stock worth $1,512,000 after buying an additional 1,332 shares during the last quarter. Avestar Capital LLC boosted its stake in shares of First Trust Managed Municipal ETF by 17.7% in the 4th quarter. Avestar Capital LLC now owns 24,870 shares of the company’s stock worth $1,285,000 after buying an additional 3,738 shares during the last quarter. Keystone Financial Group grew its holdings in shares of First Trust Managed Municipal ETF by 17.2% in the fourth quarter. Keystone Financial Group now owns 31,097 shares of the company’s stock worth $1,607,000 after acquiring an additional 4,574 shares during the period. Finally, RMR Wealth Builders increased its position in First Trust Managed Municipal ETF by 26.0% during the fourth quarter. RMR Wealth Builders now owns 194,086 shares of the company’s stock valued at $10,027,000 after acquiring an additional 40,010 shares during the last quarter.

First Trust Managed Municipal ETF Trading Down 0.1 %

Shares of NASDAQ:FMB traded down $0.07 during midday trading on Tuesday, hitting $51.52. The company had a trading volume of 22,112 shares, compared to its average volume of 151,994. The company has a fifty day moving average of $51.44 and a two-hundred day moving average of $51.26. First Trust Managed Municipal ETF has a 12-month low of $48.08 and a 12-month high of $52.07.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st will be paid a $0.138 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.