B. Riley Wealth Advisors Inc. Has $852,000 Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

B. Riley Wealth Advisors Inc. lowered its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 12.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,680 shares of the company’s stock after selling 2,424 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in First Trust Managed Municipal ETF were worth $852,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FMB. Jane Street Group LLC bought a new stake in First Trust Managed Municipal ETF in the 1st quarter valued at about $15,269,000. Cetera Investment Advisers boosted its stake in First Trust Managed Municipal ETF by 246.7% in the first quarter. Cetera Investment Advisers now owns 252,562 shares of the company’s stock worth $12,972,000 after buying an additional 179,710 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in First Trust Managed Municipal ETF by 44.5% in the first quarter. Avantax Advisory Services Inc. now owns 524,971 shares of the company’s stock valued at $26,963,000 after purchasing an additional 161,642 shares during the last quarter. Vantage Financial Partners Ltd. Inc. bought a new stake in First Trust Managed Municipal ETF in the fourth quarter valued at approximately $7,348,000. Finally, ARQ Wealth Advisors LLC bought a new position in shares of First Trust Managed Municipal ETF during the first quarter valued at approximately $6,428,000.

First Trust Managed Municipal ETF Stock Performance

Shares of First Trust Managed Municipal ETF stock opened at $51.81 on Friday. The business has a 50 day moving average of $51.77 and a 200 day moving average of $51.35. First Trust Managed Municipal ETF has a 52 week low of $48.08 and a 52 week high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid 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.