First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Bought by MML Investors Services LLC

MML Investors Services LLC grew its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 11.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,474 shares of the company’s stock after acquiring an additional 12,124 shares during the period. MML Investors Services LLC owned about 0.29% of First Trust Managed Municipal ETF worth $6,000,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. CWA Asset Management Group LLC purchased a new position in First Trust Managed Municipal ETF during the 3rd quarter worth approximately $13,088,000. LPL Financial LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 6.9% during the third quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after purchasing an additional 162,331 shares during the period. International Assets Investment Management LLC grew its position in First Trust Managed Municipal ETF by 5,096.0% in the 3rd quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock valued at $5,934,000 after buying an additional 112,010 shares during the last quarter. Miracle Mile Advisors LLC raised its position in First Trust Managed Municipal ETF by 22.2% during the 3rd quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock worth $31,169,000 after buying an additional 109,001 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of First Trust Managed Municipal ETF by 201.9% during the second quarter. Larson Financial Group LLC now owns 151,651 shares of the company’s stock worth $7,743,000 after acquiring an additional 101,412 shares during the period.

First Trust Managed Municipal ETF Trading Down 0.1 %

FMB stock opened at $51.64 on Friday. The firm has a 50 day moving average of $51.51 and a 200-day moving average of $51.49. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were paid a $0.139 dividend. The ex-dividend date of this dividend was Thursday, November 21st.

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.