ERn Financial LLC Has $14.23 Million Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

ERn Financial LLC grew its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 4.9% during the 4th quarter, HoldingsChannel reports. The firm owned 278,866 shares of the company’s stock after acquiring an additional 12,923 shares during the quarter. First Trust Managed Municipal ETF comprises about 2.1% of ERn Financial LLC’s investment portfolio, making the stock its 12th biggest position. ERn Financial LLC’s holdings in First Trust Managed Municipal ETF were worth $14,225,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Pinnacle Bancorp Inc. increased its position in First Trust Managed Municipal ETF by 152.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after acquiring an additional 1,300 shares during the period. Christopher J. Hasenberg Inc bought a new position in shares of First Trust Managed Municipal ETF during the 3rd quarter worth about $166,000. Dopkins Wealth Management LLC bought a new position in shares of First Trust Managed Municipal ETF during the 3rd quarter worth about $201,000. James Investment Research Inc. acquired a new position in shares of First Trust Managed Municipal ETF during the third quarter valued at about $224,000. Finally, Prospect Financial Services LLC lifted its stake in shares of First Trust Managed Municipal ETF by 23.0% in the third quarter. Prospect Financial Services LLC now owns 5,195 shares of the company’s stock valued at $270,000 after buying an additional 970 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB opened at $50.76 on Thursday. The stock’s 50-day moving average price is $51.27 and its 200 day moving average price is $51.48. 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 company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.139 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.