Legacy Solutions LLC Takes Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Legacy Solutions LLC bought a new stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,810 shares of the company’s stock, valued at approximately $1,317,000. First Trust Managed Municipal ETF accounts for 1.4% of Legacy Solutions LLC’s holdings, making the stock its 16th largest position. Legacy Solutions LLC owned about 0.07% of First Trust Managed Municipal ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. PFS Partners LLC raised its position in shares of First Trust Managed Municipal ETF by 2.1% during the third quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock worth $530,000 after acquiring an additional 214 shares during the last quarter. Valmark Advisers Inc. lifted its holdings in First Trust Managed Municipal ETF by 3.2% during the 4th quarter. Valmark Advisers Inc. now owns 8,386 shares of the company’s stock worth $428,000 after purchasing an additional 257 shares during the last quarter. Westside Investment Management Inc. raised its position in shares of First Trust Managed Municipal ETF by 0.5% in the third quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after buying an additional 343 shares in the last quarter. Walkner Condon Financial Advisors LLC increased its stake in shares of First Trust Managed Municipal ETF by 3.5% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 10,064 shares of the company’s stock valued at $513,000 after purchasing an additional 343 shares during the last quarter. Finally, Principal Securities Inc. grew its position in First Trust Managed Municipal ETF by 1.1% during the 4th quarter. Principal Securities Inc. now owns 33,167 shares of the company’s stock worth $1,692,000 after acquiring an additional 371 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of FMB stock opened at $51.02 on Wednesday. The business’s 50-day moving average price is $51.03 and its 200-day moving average price is $51.43. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a $0.14 dividend. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Wednesday, January 22nd.

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.