Pure Financial Advisors LLC Invests $409,000 in First Trust Managed Municipal ETF $FMB

Pure Financial Advisors LLC bought a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,219 shares of the company’s stock, valued at approximately $409,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FMB. Flaharty Asset Management LLC bought a new position in shares of First Trust Managed Municipal ETF during the first quarter valued at approximately $58,000. IMG Wealth Management Inc. bought a new position in shares of First Trust Managed Municipal ETF during the first quarter valued at approximately $65,000. GAMMA Investing LLC boosted its stake in shares of 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 valued at $79,000 after purchasing an additional 1,532 shares in the last quarter. Hanson & Doremus Investment Management bought a new position in shares of First Trust Managed Municipal ETF during the first quarter valued at approximately $113,000. Finally, NBC Securities Inc. boosted its stake in shares of 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 valued at $120,000 after purchasing an additional 2,380 shares in the last quarter.

First Trust Managed Municipal ETF Trading Up 0.1%

NASDAQ FMB opened at $50.78 on Friday. The firm’s 50 day moving average price is $50.14 and its 200-day moving average price is $49.92. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $51.99.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.146 per share. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Thursday, September 25th.

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.