Gladstone Institutional Advisory LLC Grows Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Gladstone Institutional Advisory LLC boosted its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 11.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,083 shares of the company’s stock after buying an additional 1,032 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in First Trust Managed Municipal ETF were worth $524,000 at the end of the most recent quarter.

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

First Trust Managed Municipal ETF Stock Down 0.0 %

Shares of First Trust Managed Municipal ETF stock opened at $51.12 on Monday. The stock’s fifty day moving average is $51.71 and its two-hundred day moving average is $51.39. 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 business also recently declared a dividend, which was paid on Thursday, October 31st. Stockholders 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.