PKS Advisory Services LLC Takes Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

PKS Advisory Services LLC acquired a new stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,891 shares of the company’s stock, valued at approximately $964,000.

Other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA lifted its position in First Trust Managed Municipal ETF by 14.3% during the 3rd quarter. Private Trust Co. NA now owns 20,010 shares of the company’s stock worth $1,040,000 after acquiring an additional 2,496 shares during the last quarter. Elios Financial Group Inc. bought a new position in First Trust Managed Municipal ETF in the third quarter valued at about $3,602,000. D.A. Davidson & CO. boosted its stake in First Trust Managed Municipal ETF by 3.9% in the third quarter. D.A. Davidson & CO. now owns 55,842 shares of the company’s stock valued at $2,902,000 after acquiring an additional 2,116 shares during the last quarter. Townsquare Capital LLC acquired a new position in First Trust Managed Municipal ETF during the third quarter valued at approximately $545,000. Finally, Freedom Investment Management Inc. raised its holdings in shares of First Trust Managed Municipal ETF by 2.2% during the third quarter. Freedom Investment Management Inc. now owns 33,604 shares of the company’s stock worth $1,746,000 after acquiring an additional 713 shares during the period.

First Trust Managed Municipal ETF Price Performance

NASDAQ:FMB opened at $50.72 on Tuesday. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13. The firm has a fifty day simple moving average of $51.07 and a 200 day simple moving average of $51.34.

First Trust Managed Municipal ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, February 21st.

First Trust Managed Municipal ETF 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.