Congress Wealth Management LLC DE Has $35.60 Million Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Congress Wealth Management LLC DE boosted its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 693,046 shares of the company’s stock after buying an additional 17,916 shares during the quarter. Congress Wealth Management LLC DE’s holdings in First Trust Managed Municipal ETF were worth $35,595,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Foster & Motley Inc. grew its holdings in First Trust Managed Municipal ETF by 0.8% during the 4th quarter. Foster & Motley Inc. now owns 39,322 shares of the company’s stock valued at $2,032,000 after buying an additional 302 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of First Trust Managed Municipal ETF by 26.9% during the 4th quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock valued at $75,000 after buying an additional 307 shares in the last quarter. WealthCare Investment Partners LLC grew its holdings in First Trust Managed Municipal ETF by 0.7% in the fourth quarter. WealthCare Investment Partners LLC now owns 48,104 shares of the company’s stock worth $2,486,000 after purchasing an additional 327 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in First Trust Managed Municipal ETF by 8.3% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 4,693 shares of the company’s stock worth $242,000 after purchasing an additional 359 shares in the last quarter. Finally, Westside Investment Management Inc. grew its holdings in shares of First Trust Managed Municipal ETF by 0.6% during the third quarter. Westside Investment Management Inc. now owns 65,550 shares of the company’s stock valued at $3,204,000 after buying an additional 400 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

NASDAQ:FMB traded down $0.06 during mid-day trading on Monday, reaching $51.00. The company’s stock had a trading volume of 186,315 shares, compared to its average volume of 155,931. The firm’s fifty day moving average price is $51.02 and its two-hundred day moving average price is $51.26. First Trust Managed Municipal ETF has a 12-month low of $48.08 and a 12-month high of $51.77.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.137 per share. The ex-dividend date of this dividend was Thursday, June 27th.

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.