Financial Strategies Group Inc. Boosts Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Financial Strategies Group Inc. increased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 23.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,548 shares of the company’s stock after acquiring an additional 3,361 shares during the period. Financial Strategies Group Inc.’s holdings in First Trust Managed Municipal ETF were worth $905,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DHJJ Financial Advisors Ltd. lifted its holdings in First Trust Managed Municipal ETF by 119.4% during the second quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock valued at $40,000 after purchasing an additional 430 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of First Trust Managed Municipal ETF during the 2nd quarter worth about $51,000. IAG Wealth Partners LLC purchased a new position in First Trust Managed Municipal ETF in the 2nd quarter valued at about $53,000. WR Wealth Planners LLC acquired a new stake in First Trust Managed Municipal ETF in the 2nd quarter worth about $56,000. Finally, International Assets Investment Management LLC acquired a new stake in First Trust Managed Municipal ETF in the 2nd quarter worth about $112,000.

First Trust Managed Municipal ETF Price Performance

Shares of First Trust Managed Municipal ETF stock opened at $51.02 on Friday. The business has a 50 day simple moving average of $51.67 and a two-hundred day simple moving average of $51.39. 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 Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were issued a $0.139 dividend. The ex-dividend date was Tuesday, October 22nd.

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.