Orion Portfolio Solutions LLC Has $1.09 Million Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Orion Portfolio Solutions LLC increased its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,284 shares of the company’s stock after acquiring an additional 493 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in First Trust Managed Municipal ETF were worth $1,086,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of FMB. Duncker Streett & Co. Inc. bought a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth approximately $108,000. Pinnacle Bancorp Inc. boosted its stake in First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after purchasing an additional 1,300 shares during the period. Fifth Third Bancorp increased its position in First Trust Managed Municipal ETF by 177.8% during the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after buying an additional 1,778 shares during the period. TrueWealth Advisors LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth $207,000. Finally, Maia Wealth LLC bought a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter valued at about $234,000.

First Trust Managed Municipal ETF Stock Performance

FMB stock opened at $50.93 on Friday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The company’s 50-day simple moving average is $51.02 and its 200 day simple moving average is $51.26.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 27th.

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.