Orion Portfolio Solutions LLC Acquires 493 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Orion Portfolio Solutions LLC boosted its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,284 shares of the company’s stock after acquiring an additional 493 shares during the quarter. Orion Portfolio Solutions LLC owned approximately 0.05% of First Trust Managed Municipal ETF worth $1,086,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hedeker Wealth LLC raised its position in shares of First Trust Managed Municipal ETF by 53.3% during the fourth quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock worth $2,717,000 after acquiring an additional 18,519 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in First Trust Managed Municipal ETF in the fourth quarter worth about $249,000. US Bancorp DE raised its holdings in First Trust Managed Municipal ETF by 45.1% during the 4th quarter. US Bancorp DE now owns 10,861 shares of the company’s stock worth $554,000 after purchasing an additional 3,376 shares during the last quarter. Keybank National Association OH bought a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at about $554,000. Finally, Bank of New York Mellon Corp grew its position in shares of First Trust Managed Municipal ETF by 2.7% during the 4th quarter. Bank of New York Mellon Corp now owns 209,281 shares of the company’s stock worth $10,675,000 after buying an additional 5,574 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $50.93 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13. The company’s 50 day simple moving average is $51.02 and its 200 day simple moving average is $51.26.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 27th.

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.