Avantax Planning Partners Inc. Raises Position in First Trust Managed Municipal ETF $FMB

Avantax Planning Partners Inc. lifted its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 7.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 899,949 shares of the company’s stock after purchasing an additional 63,619 shares during the quarter. First Trust Managed Municipal ETF comprises about 1.3% of Avantax Planning Partners Inc.’s investment portfolio, making the stock its 16th biggest position. Avantax Planning Partners Inc. owned about 2.40% of First Trust Managed Municipal ETF worth $45,629,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Pinnacle Bancorp Inc. boosted its stake in First Trust Managed Municipal ETF by 7.8% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,752 shares of the company’s stock worth $140,000 after buying an additional 200 shares during the last quarter. Prospera Financial Services Inc lifted its holdings in shares of First Trust Managed Municipal ETF by 0.4% during the 2nd quarter. Prospera Financial Services Inc now owns 61,466 shares of the company’s stock worth $3,063,000 after acquiring an additional 216 shares during the period. Baird Financial Group Inc. boosted its position in shares of First Trust Managed Municipal ETF by 0.9% in the second quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock worth $1,544,000 after acquiring an additional 266 shares during the last quarter. Great Valley Advisor Group Inc. boosted its position in shares of First Trust Managed Municipal ETF by 1.4% in the second quarter. Great Valley Advisor Group Inc. now owns 19,317 shares of the company’s stock worth $962,000 after acquiring an additional 275 shares during the last quarter. Finally, LVZ Inc. grew its holdings in First Trust Managed Municipal ETF by 1.6% in the third quarter. LVZ Inc. now owns 19,687 shares of the company’s stock valued at $998,000 after purchasing an additional 302 shares during the period.

First Trust Managed Municipal ETF Stock Up 0.1%

Shares of FMB stock opened at $51.28 on Monday. First Trust Managed Municipal ETF has a one year low of $48.19 and a one year high of $51.54. The company has a 50 day moving average price of $51.19 and a 200 day moving average price of $50.67.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $0.154 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, January 21st. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15.

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.