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

PKS Advisory Services LLC purchased a new stake in First Trust Managed Municipal ETF (NASDAQ:FMB) in the fourth quarter, Holdings Channel.com reports. The fund purchased 18,891 shares of the company’s stock, valued at approximately $964,000.

Other large investors have also bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new position in First Trust Managed Municipal ETF during the fourth quarter worth about $108,000. Pinnacle Bancorp Inc. grew its holdings in shares of First Trust Managed Municipal ETF by 152.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after acquiring an additional 1,300 shares in the last quarter. Fifth Third Bancorp increased its position in shares of First Trust Managed Municipal ETF by 177.8% during the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after acquiring an additional 1,778 shares during the last quarter. TrueWealth Advisors LLC bought a new stake in First Trust Managed Municipal ETF during the fourth quarter worth $207,000. Finally, Maia Wealth LLC purchased a new position in First Trust Managed Municipal ETF in the fourth quarter worth $234,000.

First Trust Managed Municipal ETF Stock Performance

FMB opened at $50.72 on Tuesday. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13. The firm has a 50-day moving average of $51.07 and a 200 day moving average of $51.34.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.14 per share. The ex-dividend date 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.