First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Bought by Naviter Wealth LLC

Naviter Wealth LLC raised its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 12.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 42,084 shares of the company’s stock after acquiring an additional 4,805 shares during the quarter. Naviter Wealth LLC’s holdings in First Trust Managed Municipal ETF were worth $2,147,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Hedeker Wealth LLC increased its position in First Trust Managed Municipal ETF by 53.3% during the fourth quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock worth $2,717,000 after buying an additional 18,519 shares during the period. Atomi Financial Group Inc. purchased a new position in First Trust Managed Municipal ETF in the fourth quarter worth $249,000. JPMorgan Chase & Co. increased its position in shares of First Trust Managed Municipal ETF by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock valued at $21,896,000 after buying an additional 25,002 shares in the last quarter. Fifth Third Bancorp increased its position in shares of First Trust Managed Municipal ETF by 177.8% in the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after buying an additional 1,778 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of First Trust Managed Municipal ETF in the third quarter valued at $1,555,000.

First Trust Managed Municipal ETF Price Performance

FMB opened at $51.15 on Friday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The business’s fifty day simple moving average is $51.08 and its 200 day simple moving average is $51.39.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, February 21st.

About First Trust Managed Municipal ETF

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.