Auour Investments LLC Purchases 1,762 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Auour Investments LLC raised its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 28.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,895 shares of the company’s stock after buying an additional 1,762 shares during the period. Auour Investments LLC’s holdings in First Trust Managed Municipal ETF were worth $403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FMB. Pinnacle Bancorp Inc. increased its stake 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 buying an additional 1,300 shares during the period. Fifth Third Bancorp increased its stake in shares of First Trust Managed Municipal ETF by 177.8% in the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after buying an additional 1,778 shares during the period. Dopkins Wealth Management LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at about $201,000. TrueWealth Advisors LLC acquired a new stake in First Trust Managed Municipal ETF during the fourth quarter worth approximately $207,000. Finally, James Investment Research Inc. acquired a new stake in First Trust Managed Municipal ETF during the third quarter worth approximately $224,000.

First Trust Managed Municipal ETF Stock Up 0.3 %

NASDAQ FMB opened at $51.18 on Thursday. The business has a 50 day simple moving average of $51.01 and a 200 day simple moving average of $51.42. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, January 22nd. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14.

First Trust Managed Municipal ETF Company 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.