CWA Asset Management Group LLC Purchases Shares of 251,877 First Trust Managed Municipal ETF (NASDAQ:FMB)

CWA Asset Management Group LLC bought a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 251,877 shares of the company’s stock, valued at approximately $13,088,000. CWA Asset Management Group LLC owned approximately 0.64% of First Trust Managed Municipal ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FMB. ABLE Financial Group LLC grew its holdings in shares of First Trust Managed Municipal ETF by 21.6% during the third quarter. ABLE Financial Group LLC now owns 52,995 shares of the company’s stock valued at $2,754,000 after buying an additional 9,416 shares during the last quarter. Financial Strategies Group Inc. grew its stake in First Trust Managed Municipal ETF by 23.7% during the third quarter. Financial Strategies Group Inc. now owns 17,548 shares of the company’s stock valued at $905,000 after acquiring an additional 3,361 shares in the last quarter. Weitzel Financial Services Inc. grew its stake in First Trust Managed Municipal ETF by 1.2% in the 3rd quarter. Weitzel Financial Services Inc. now owns 48,183 shares of the company’s stock worth $2,509,000 after buying an additional 569 shares in the last quarter. Walkner Condon Financial Advisors LLC grew its stake in First Trust Managed Municipal ETF by 41.4% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 9,721 shares of the company’s stock worth $505,000 after buying an additional 2,847 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter valued at $354,000.

First Trust Managed Municipal ETF Price Performance

Shares of FMB stock opened at $51.42 on Friday. The company’s 50-day moving average is $51.67 and its 200 day moving average is $51.39. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.139 per share. The ex-dividend date was Tuesday, October 22nd.

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.