First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Bought by Visionary Wealth Advisors

Visionary Wealth Advisors grew its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 17.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 69,848 shares of the company’s stock after acquiring an additional 10,549 shares during the period. Visionary Wealth Advisors owned about 0.18% of First Trust Managed Municipal ETF worth $3,563,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter valued at $58,677,000. Independent Advisor Alliance purchased a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter valued at $14,829,000. Larson Financial Group LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 44.7% in the fourth quarter. Larson Financial Group LLC now owns 276,049 shares of the company’s stock valued at $14,081,000 after purchasing an additional 85,293 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter valued at $3,560,000. Finally, OLD Mission Capital LLC purchased a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter valued at $3,208,000.

First Trust Managed Municipal ETF Stock Performance

FMB opened at $49.91 on Tuesday. The stock has a fifty day moving average of $50.01 and a 200-day moving average of $50.79. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were issued a dividend of $0.141 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.39%. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, April 22nd.

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.