First Horizon Advisors Inc. Grows Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

First Horizon Advisors Inc. lifted its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 0.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 111,316 shares of the company’s stock after acquiring an additional 233 shares during the quarter. First Horizon Advisors Inc.’s holdings in First Trust Managed Municipal ETF were worth $5,784,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in First Trust Managed Municipal ETF during the first quarter worth $15,269,000. CWA Asset Management Group LLC bought a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at $13,088,000. Cetera Investment Advisers raised its stake in First Trust Managed Municipal ETF by 246.7% in the 1st quarter. Cetera Investment Advisers now owns 252,562 shares of the company’s stock valued at $12,972,000 after acquiring an additional 179,710 shares during the period. ARQ Wealth Advisors LLC purchased a new stake in First Trust Managed Municipal ETF during the first quarter valued at about $6,428,000. Finally, International Assets Investment Management LLC boosted its holdings in First Trust Managed Municipal ETF by 5,096.0% in the 3rd quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock worth $5,934,000 after buying an additional 112,010 shares during the period.

First Trust Managed Municipal ETF Trading Down 0.1 %

NASDAQ:FMB opened at $51.47 on Thursday. The business’s fifty day moving average is $51.61 and its 200 day moving average is $51.42. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.139 per share. The ex-dividend date of this dividend was Tuesday, October 22nd.

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.