Farther Finance Advisors LLC Acquires 6,316 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Farther Finance Advisors LLC lifted its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 316.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,314 shares of the company’s stock after buying an additional 6,316 shares during the quarter. Farther Finance Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $432,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. DHJJ Financial Advisors Ltd. increased its position in First Trust Managed Municipal ETF by 119.4% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock valued at $40,000 after acquiring an additional 430 shares in the last quarter. Fifth Third Bancorp bought a new position in First Trust Managed Municipal ETF in the 2nd quarter worth approximately $51,000. IAG Wealth Partners LLC bought a new position in First Trust Managed Municipal ETF in the 2nd quarter worth approximately $53,000. WR Wealth Planners LLC acquired a new position in First Trust Managed Municipal ETF during the 2nd quarter worth $56,000. Finally, International Assets Investment Management LLC bought a new position in First Trust Managed Municipal ETF in the 2nd quarter valued at $112,000.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $51.02 on Friday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The stock has a fifty day moving average of $51.67 and a 200-day moving average of $51.39.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were issued a $0.139 dividend. The ex-dividend date was Tuesday, October 22nd.

First Trust Managed Municipal ETF 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.