Prestige Wealth Management Group LLC Has $4.08 Million Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Prestige Wealth Management Group LLC boosted its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 0.4% in the second quarter, Holdings Channel.com reports. The fund owned 79,954 shares of the company’s stock after buying an additional 292 shares during the quarter. First Trust Managed Municipal ETF comprises 0.9% of Prestige Wealth Management Group LLC’s holdings, making the stock its 24th largest holding. Prestige Wealth Management Group LLC’s holdings in First Trust Managed Municipal ETF were worth $4,082,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Foster & Motley Inc. lifted its stake in shares of First Trust Managed Municipal ETF by 12.2% in the 2nd quarter. Foster & Motley Inc. now owns 46,355 shares of the company’s stock valued at $2,367,000 after purchasing an additional 5,035 shares during the period. Belpointe Asset Management LLC increased its holdings in First Trust Managed Municipal ETF by 28.1% in the second quarter. Belpointe Asset Management LLC now owns 13,836 shares of the company’s stock valued at $706,000 after purchasing an additional 3,037 shares during the last quarter. Larson Financial Group LLC increased its holdings in First Trust Managed Municipal ETF by 201.9% in the second quarter. Larson Financial Group LLC now owns 151,651 shares of the company’s stock valued at $7,743,000 after purchasing an additional 101,412 shares during the last quarter. Founders Financial Securities LLC acquired a new position in First Trust Managed Municipal ETF in the second quarter valued at about $411,000. Finally, Naviter Wealth LLC boosted its holdings in First Trust Managed Municipal ETF by 9.7% during the second quarter. Naviter Wealth LLC now owns 18,825 shares of the company’s stock worth $961,000 after buying an additional 1,667 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of First Trust Managed Municipal ETF stock traded up $0.04 during trading on Friday, hitting $51.84. 122,414 shares of the company were exchanged, compared to its average volume of 152,654. The firm’s fifty day moving average price is $51.51 and its 200 day moving average price is $51.28. First Trust Managed Municipal ETF has a 1-year low of $48.08 and a 1-year high of $52.07.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were issued a dividend of $0.138 per share. The ex-dividend date was Wednesday, August 21st. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.