Patten Group Inc. Increases Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Patten Group Inc. increased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 47.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,683 shares of the company’s stock after purchasing an additional 5,062 shares during the quarter. Patten Group Inc.’s holdings in First Trust Managed Municipal ETF were worth $815,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FMB. Core Wealth Partners LLC acquired a new position in First Trust Managed Municipal ETF in the 1st quarter valued at about $371,000. &PARTNERS raised its stake in shares of First Trust Managed Municipal ETF by 9.9% during the second quarter. &PARTNERS now owns 21,950 shares of the company’s stock worth $1,121,000 after purchasing an additional 1,979 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of First Trust Managed Municipal ETF during the second quarter worth $51,000. Ameritas Investment Partners Inc. grew its position in First Trust Managed Municipal ETF by 3.8% in the 1st quarter. Ameritas Investment Partners Inc. now owns 8,899 shares of the company’s stock valued at $457,000 after buying an additional 327 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in First Trust Managed Municipal ETF by 3.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 128,018 shares of the company’s stock valued at $6,537,000 after buying an additional 4,313 shares during the period.

First Trust Managed Municipal ETF Trading Up 0.1 %

NASDAQ FMB opened at $51.70 on Friday. The business’s 50 day moving average is $51.79 and its two-hundred day moving average is $51.35. First Trust Managed Municipal ETF has a 12-month low of $48.08 and a 12-month high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.139 dividend. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Thursday, September 26th.

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.