Proactive Wealth Strategies LLC Buys New Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Proactive Wealth Strategies LLC acquired a new stake in First Trust Managed Municipal ETF (NASDAQ:FMB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,499 shares of the company’s stock, valued at approximately $286,000.

Several other large investors also recently bought and sold shares of FMB. Jane Street Group LLC acquired a new position in First Trust Managed Municipal ETF in the first quarter valued at $15,269,000. CWA Asset Management Group LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the third quarter worth about $13,088,000. Cetera Investment Advisers boosted its stake in shares of First Trust Managed Municipal ETF by 246.7% during the first quarter. Cetera Investment Advisers now owns 252,562 shares of the company’s stock worth $12,972,000 after buying an additional 179,710 shares during the period. ARQ Wealth Advisors LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the first quarter worth about $6,428,000. Finally, International Assets Investment Management LLC boosted its stake in shares of First Trust Managed Municipal ETF by 5,096.0% during the third quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock worth $5,934,000 after buying an additional 112,010 shares during the period.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $51.35 on Tuesday. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13. The firm has a 50-day moving average price of $51.66 and a 200 day moving average price of $51.40.

First Trust Managed Municipal ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were issued a dividend of $0.139 per share. 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.