Cetera Advisor Networks LLC Buys 73,998 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Cetera Advisor Networks LLC boosted its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMBFree Report) by 109.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,662 shares of the company’s stock after acquiring an additional 73,998 shares during the quarter. Cetera Advisor Networks LLC owned about 0.37% of First Trust Managed Municipal ETF worth $7,319,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Foster & Motley Inc. increased its stake in First Trust Managed Municipal ETF by 0.8% during the fourth quarter. Foster & Motley Inc. now owns 39,322 shares of the company’s stock worth $2,032,000 after acquiring an additional 302 shares during the last quarter. AdvisorNet Financial Inc boosted its position in shares of First Trust Managed Municipal ETF by 26.9% during the fourth quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock valued at $75,000 after buying an additional 307 shares during the period. WealthCare Investment Partners LLC boosted its position in shares of First Trust Managed Municipal ETF by 0.7% during the fourth quarter. WealthCare Investment Partners LLC now owns 48,104 shares of the company’s stock valued at $2,486,000 after buying an additional 327 shares during the period. Dynamic Advisor Solutions LLC boosted its position in shares of First Trust Managed Municipal ETF by 8.3% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,693 shares of the company’s stock valued at $242,000 after buying an additional 359 shares during the period. Finally, Rehmann Capital Advisory Group boosted its position in shares of First Trust Managed Municipal ETF by 0.8% during the third quarter. Rehmann Capital Advisory Group now owns 50,056 shares of the company’s stock valued at $2,447,000 after buying an additional 380 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ:FMB opened at $50.97 on Friday. First Trust Managed Municipal ETF has a 1 year low of $48.08 and a 1 year high of $51.77. The business has a 50 day simple moving average of $50.94 and a two-hundred day simple moving average of $51.19.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd were given a dividend of $0.135 per share. The ex-dividend date was Tuesday, May 21st. This represents a $1.62 annualized dividend and a dividend yield of 3.18%.

First Trust Managed Municipal ETF Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for First Trust Managed Municipal ETF (NASDAQ:FMB)

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