ERn Financial LLC Has $14.23 Million Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

ERn Financial LLC increased its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,866 shares of the company’s stock after acquiring an additional 12,923 shares during the period. First Trust Managed Municipal ETF comprises approximately 2.1% of ERn Financial LLC’s portfolio, making the stock its 12th biggest holding. ERn Financial LLC owned about 0.71% of First Trust Managed Municipal ETF worth $14,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. CWA Asset Management Group LLC bought a new stake in First Trust Managed Municipal ETF in the third quarter worth approximately $13,088,000. LPL Financial LLC lifted its stake in shares of First Trust Managed Municipal ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock valued at $130,283,000 after purchasing an additional 162,331 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in First Trust Managed Municipal ETF by 5,096.0% in the third quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock worth $5,934,000 after purchasing an additional 112,010 shares in the last quarter. Miracle Mile Advisors LLC increased its position in First Trust Managed Municipal ETF by 22.2% during the third quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock worth $31,169,000 after buying an additional 109,001 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in First Trust Managed Municipal ETF during the second quarter valued at about $3,590,000.

First Trust Managed Municipal ETF Stock Up 0.3 %

Shares of NASDAQ:FMB opened at $50.76 on Thursday. The business has a 50-day moving average of $51.27 and a two-hundred day moving average of $51.48. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.139 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.