First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Purchased by Financial Strategies Group Inc.

Financial Strategies Group Inc. boosted its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 23.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,548 shares of the company’s stock after buying an additional 3,361 shares during the period. Financial Strategies Group Inc.’s holdings in First Trust Managed Municipal ETF were worth $905,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FMB. Jane Street Group LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the first quarter valued at $15,269,000. Cetera Investment Advisers grew its holdings in shares of First Trust Managed Municipal ETF by 246.7% in the first quarter. Cetera Investment Advisers now owns 252,562 shares of the company’s stock valued at $12,972,000 after purchasing an additional 179,710 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in First Trust Managed Municipal ETF by 44.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 524,971 shares of the company’s stock valued at $26,963,000 after buying an additional 161,642 shares during the period. ARQ Wealth Advisors LLC acquired a new position in shares of First Trust Managed Municipal ETF in the first quarter worth $6,428,000. Finally, International Assets Investment Management LLC raised its stake in shares of First Trust Managed Municipal ETF by 5,096.0% in the third quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock valued at $5,934,000 after acquiring an additional 112,010 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $51.02 on Friday. The stock’s 50-day moving average is $51.67 and its two-hundred day moving average is $51.39. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The company also recently disclosed 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 of this dividend was Tuesday, October 22nd.

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.