Jones Financial Companies Lllp Buys 47,587 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Jones Financial Companies Lllp raised its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 244.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 67,085 shares of the company’s stock after purchasing an additional 47,587 shares during the quarter. Jones Financial Companies Lllp’s holdings in First Trust Managed Municipal ETF were worth $3,422,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Duncker Streett & Co. Inc. bought a new position in shares of First Trust Managed Municipal ETF during the fourth quarter valued at about $108,000. Pinnacle Bancorp Inc. increased its holdings in First Trust Managed Municipal ETF by 152.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after purchasing an additional 1,300 shares during the period. Fifth Third Bancorp raised its position in 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 stake in First Trust Managed Municipal ETF in the 3rd quarter worth approximately $201,000. Finally, TrueWealth Advisors LLC bought a new stake in shares of First Trust Managed Municipal ETF in the 4th quarter worth approximately $207,000.

First Trust Managed Municipal ETF Price Performance

FMB opened at $51.29 on Thursday. The stock’s 50 day moving average price is $51.07 and its 200-day moving average price is $51.40. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The business 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 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.