Townsquare Capital LLC Makes New Investment in First Trust Managed Municipal ETF (NASDAQ:FMB)

Townsquare Capital LLC acquired a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 10,491 shares of the company’s stock, valued at approximately $545,000.

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

First Trust Managed Municipal ETF Price Performance

FMB opened at $51.97 on Thursday. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13. The company’s 50 day moving average price is $51.53 and its two-hundred day moving average price is $51.46.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.139 per share. The ex-dividend date was Thursday, November 21st.

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.