Larson Financial Group LLC Purchases 1,917 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Larson Financial Group LLC boosted its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,471 shares of the company’s stock after acquiring an additional 1,917 shares during the quarter. Larson Financial Group LLC’s holdings in First Trust Managed Municipal ETF were worth $1,264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FMB. Foster & Motley Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 0.8% during the fourth quarter. Foster & Motley Inc. now owns 39,322 shares of the company’s stock worth $2,032,000 after purchasing an additional 302 shares during the period. Stock Yards Bank & Trust Co. boosted its holdings in shares of First Trust Managed Municipal ETF by 37.7% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 40,557 shares of the company’s stock worth $2,095,000 after purchasing an additional 11,110 shares during the period. CWM LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 44.8% during the fourth quarter. CWM LLC now owns 24,728 shares of the company’s stock worth $1,278,000 after purchasing an additional 7,648 shares during the period. Wheelhouse Advisory Group LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth about $583,000. Finally, Financial Strategies Group Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 7.2% during the fourth quarter. Financial Strategies Group Inc. now owns 7,575 shares of the company’s stock worth $386,000 after purchasing an additional 506 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of First Trust Managed Municipal ETF stock traded down $0.11 during trading on Tuesday, reaching $50.89. 116,331 shares of the stock were exchanged, compared to its average volume of 163,611. First Trust Managed Municipal ETF has a 1 year low of $48.08 and a 1 year high of $51.77. The stock’s fifty day moving average is $51.32 and its 200 day moving average is $50.72.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a $0.135 dividend. The ex-dividend date was Thursday, March 21st. This represents a $1.62 annualized dividend and a yield of 3.18%.

First Trust Managed Municipal ETF 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.