Secure Asset Management LLC Has $1.49 Million Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Secure Asset Management LLC grew its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 6.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,120 shares of the company’s stock after buying an additional 1,756 shares during the period. Secure Asset Management LLC’s holdings in First Trust Managed Municipal ETF were worth $1,485,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in First Trust Managed Municipal ETF by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after purchasing an additional 25,002 shares during the period. NewEdge Advisors LLC lifted its holdings in First Trust Managed Municipal ETF by 39.3% in the second quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock valued at $12,084,000 after buying an additional 66,762 shares during the period. Jane Street Group LLC bought a new position in First Trust Managed Municipal ETF in the third quarter valued at approximately $1,555,000. HFG Wealth Management LLC grew its holdings in First Trust Managed Municipal ETF by 1.8% during the 2nd quarter. HFG Wealth Management LLC now owns 51,836 shares of the company’s stock worth $2,647,000 after acquiring an additional 902 shares during the period. Finally, Magnus Financial Group LLC raised its position in shares of First Trust Managed Municipal ETF by 2.3% during the 3rd quarter. Magnus Financial Group LLC now owns 101,700 shares of the company’s stock valued at $5,284,000 after acquiring an additional 2,247 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

FMB stock opened at $50.74 on Friday. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13. The business’s fifty day moving average is $51.23 and its 200-day moving average is $51.46.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, January 22nd. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.