Larson Financial Group LLC Has $7.74 Million Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Larson Financial Group LLC lifted its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 201.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,651 shares of the company’s stock after buying an additional 101,412 shares during the period. Larson Financial Group LLC owned about 0.39% of First Trust Managed Municipal ETF worth $7,743,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its stake in First Trust Managed Municipal ETF by 14.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,042,465 shares of the company’s stock valued at $105,523,000 after buying an additional 251,160 shares in the last quarter. Avantax Planning Partners Inc. lifted its position in First Trust Managed Municipal ETF by 13.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 1,028,945 shares of the company’s stock valued at $53,160,000 after acquiring an additional 121,339 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in First Trust Managed Municipal ETF by 3.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,024,717 shares of the company’s stock worth $52,322,000 after purchasing an additional 37,199 shares during the period. Congress Wealth Management LLC DE boosted its position in shares of First Trust Managed Municipal ETF by 2.7% during the first quarter. Congress Wealth Management LLC DE now owns 693,046 shares of the company’s stock worth $35,595,000 after buying an additional 17,916 shares during the period. Finally, Avantax Advisory Services Inc. boosted its position in First Trust Managed Municipal ETF by 44.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 524,971 shares of the company’s stock worth $26,963,000 after acquiring an additional 161,642 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

NASDAQ FMB traded down $0.02 during trading hours on Wednesday, hitting $51.67. 7,245 shares of the company traded hands, compared to its average volume of 151,546. First Trust Managed Municipal ETF has a twelve month low of $48.08 and a twelve month high of $52.07. The business’s 50-day moving average is $51.46 and its 200-day moving average is $51.27.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.138 per share. The ex-dividend date was Wednesday, August 21st. This is an increase 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.