Main Line Retirement Advisors LLC Purchases 2,031 Shares of First Trust Managed Municipal ETF $FMB

Main Line Retirement Advisors LLC boosted its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,125 shares of the company’s stock after acquiring an additional 2,031 shares during the quarter. First Trust Managed Municipal ETF comprises about 1.5% of Main Line Retirement Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Main Line Retirement Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $2,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in FMB. Flaharty Asset Management LLC bought a new stake in First Trust Managed Municipal ETF during the first quarter worth approximately $58,000. IMG Wealth Management Inc. bought a new stake in First Trust Managed Municipal ETF during the first quarter worth approximately $65,000. GAMMA Investing LLC increased its stake in First Trust Managed Municipal ETF by 4,941.9% during the first quarter. GAMMA Investing LLC now owns 1,563 shares of the company’s stock worth $79,000 after acquiring an additional 1,532 shares during the last quarter. Hanson & Doremus Investment Management bought a new stake in First Trust Managed Municipal ETF during the first quarter worth approximately $113,000. Finally, NBC Securities Inc. increased its stake in First Trust Managed Municipal ETF by 119,000.0% during the first quarter. NBC Securities Inc. now owns 2,382 shares of the company’s stock worth $120,000 after acquiring an additional 2,380 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB opened at $50.88 on Monday. The business’s 50 day moving average is $49.88 and its two-hundred day moving average is $49.92. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.10.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.144 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%.

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.