First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Acquired by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC boosted its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 97,400 shares of the company’s stock after purchasing an additional 1,100 shares during the quarter. Lake Street Private Wealth LLC’s holdings in First Trust Managed Municipal ETF were worth $4,968,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of First Trust Managed Municipal ETF by 14.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 403,320 shares of the company’s stock worth $20,594,000 after purchasing an additional 50,146 shares during the last quarter. GM Advisory Group LLC grew its position in First Trust Managed Municipal ETF by 21.4% in the second quarter. GM Advisory Group LLC now owns 165,632 shares of the company’s stock worth $8,457,000 after buying an additional 29,187 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in First Trust Managed Municipal ETF by 4.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 18,916 shares of the company’s stock worth $966,000 after buying an additional 793 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of First Trust Managed Municipal ETF by 39.3% in the second quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock valued at $12,084,000 after buying an additional 66,762 shares in the last quarter. Finally, Traction Financial Partners LLC lifted its position in shares of First Trust Managed Municipal ETF by 83.8% during the 2nd quarter. Traction Financial Partners LLC now owns 28,971 shares of the company’s stock valued at $1,494,000 after acquiring an additional 13,211 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

FMB opened at $50.89 on Friday. The business has a fifty day simple moving average of $51.25 and a 200-day simple moving average of $51.47. 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 Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.139 per share. 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.