James Investment Research Inc. Acquires Shares of 4,315 First Trust Managed Municipal ETF (NASDAQ:FMB)

James Investment Research Inc. acquired a new stake in First Trust Managed Municipal ETF (NASDAQ:FMB) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,315 shares of the company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FMB. Sequoia Financial Advisors LLC grew its stake in First Trust Managed Municipal ETF by 3.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,024,717 shares of the company’s stock valued at $52,322,000 after buying an additional 37,199 shares in the last quarter. Miracle Mile Advisors LLC grew its stake in First Trust Managed Municipal ETF by 22.2% in the 3rd quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock valued at $31,169,000 after buying an additional 109,001 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in First Trust Managed Municipal ETF by 44.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 524,971 shares of the company’s stock valued at $26,963,000 after buying an additional 161,642 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in First Trust Managed Municipal ETF by 14.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 403,320 shares of the company’s stock valued at $20,594,000 after purchasing an additional 50,146 shares during the period. Finally, Raymond James & Associates boosted its holdings in First Trust Managed Municipal ETF by 7.4% in the 2nd quarter. Raymond James & Associates now owns 381,767 shares of the company’s stock valued at $19,493,000 after purchasing an additional 26,177 shares during the period.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ:FMB opened at $51.12 on Friday. The firm has a fifty day moving average price of $51.71 and a two-hundred day moving average price of $51.38. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

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

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.