Freedom Investment Management Inc. Has $1.75 Million Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Freedom Investment Management Inc. boosted its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,604 shares of the company’s stock after acquiring an additional 713 shares during the quarter. Freedom Investment Management Inc. owned 0.08% of First Trust Managed Municipal ETF worth $1,746,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FMB. DHJJ Financial Advisors Ltd. lifted its position in shares of First Trust Managed Municipal ETF by 119.4% in the second quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock worth $40,000 after purchasing an additional 430 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of First Trust Managed Municipal ETF in the second quarter valued at about $51,000. IAG Wealth Partners LLC bought a new stake in First Trust Managed Municipal ETF during the second quarter worth about $53,000. WR Wealth Planners LLC bought a new stake in First Trust Managed Municipal ETF during the second quarter worth about $56,000. Finally, International Assets Investment Management LLC acquired a new position in First Trust Managed Municipal ETF during the second quarter valued at approximately $112,000.

First Trust Managed Municipal ETF Stock Up 0.2 %

NASDAQ:FMB opened at $51.66 on Thursday. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13. The stock’s 50 day moving average price is $51.55 and its two-hundred day moving average price is $51.43.

First Trust Managed Municipal ETF Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.139 per share. The ex-dividend date of this dividend is Thursday, November 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.