GM Advisory Group LLC Has $10.33 Million Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

GM Advisory Group LLC boosted its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 20.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 198,872 shares of the company’s stock after purchasing an additional 33,240 shares during the quarter. GM Advisory Group LLC’s holdings in First Trust Managed Municipal ETF were worth $10,333,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in shares of First Trust Managed Municipal ETF by 6.9% during the third quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock valued at $130,283,000 after buying an additional 162,331 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in First Trust Managed Municipal ETF by 3.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,024,717 shares of the company’s stock worth $52,322,000 after acquiring an additional 37,199 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in First Trust Managed Municipal ETF by 22.2% during the 3rd quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock worth $31,169,000 after acquiring an additional 109,001 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of First Trust Managed Municipal ETF by 5.0% in the third quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock valued at $21,780,000 after purchasing an additional 19,917 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of First Trust Managed Municipal ETF by 14.2% in the second 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 last quarter.

First Trust Managed Municipal ETF Stock Performance

First Trust Managed Municipal ETF stock opened at $51.30 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13. The firm’s 50-day simple moving average is $51.59 and its 200 day simple moving average is $51.42.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a $0.139 dividend. The ex-dividend date is Thursday, November 21st.

First Trust Managed Municipal ETF Company 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.