Patten Group Inc. Boosts Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Patten Group Inc. increased its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,365 shares of the company’s stock after buying an additional 3,682 shares during the period. Patten Group Inc.’s holdings in First Trust Managed Municipal ETF were worth $988,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Duncker Streett & Co. Inc. bought a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter valued at approximately $108,000. Pinnacle Bancorp Inc. lifted its position 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 acquiring an additional 1,300 shares during the period. Fifth Third Bancorp boosted its stake in First Trust Managed Municipal ETF by 177.8% during the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after acquiring an additional 1,778 shares in the last quarter. Dopkins Wealth Management LLC purchased a new stake in First Trust Managed Municipal ETF in the third quarter worth about $201,000. Finally, TrueWealth Advisors LLC bought a new position in shares of First Trust Managed Municipal ETF during the fourth quarter valued at approximately $207,000.

First Trust Managed Municipal ETF Price Performance

Shares of FMB opened at $51.44 on Tuesday. The business’s 50 day moving average price is $51.05 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 declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.14 per share. The ex-dividend date 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.