Independence Bank of Kentucky Invests $27,000 in First Trust Managed Municipal ETF (NASDAQ:FMB)

Independence Bank of Kentucky purchased a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMBFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 521 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Landmark Wealth Management LLC increased its holdings in shares of First Trust Managed Municipal ETF by 12.8% during the 4th quarter. Landmark Wealth Management LLC now owns 57,710 shares of the company’s stock worth $2,982,000 after buying an additional 6,563 shares during the last quarter. Miracle Mile Advisors LLC boosted its position in shares of First Trust Managed Municipal ETF by 63.2% during the 4th quarter. Miracle Mile Advisors LLC now owns 444,237 shares of the company’s stock worth $22,951,000 after purchasing an additional 171,963 shares during the period. Kowal Investment Group LLC boosted its position in shares of First Trust Managed Municipal ETF by 7.7% during the 4th quarter. Kowal Investment Group LLC now owns 219,293 shares of the company’s stock worth $11,330,000 after purchasing an additional 15,604 shares during the period. AdvisorNet Financial Inc boosted its position in shares of First Trust Managed Municipal ETF by 26.9% during the 4th quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock worth $75,000 after purchasing an additional 307 shares during the period. Finally, Forum Private Client Group LLC purchased a new position in shares of First Trust Managed Municipal ETF during the 4th quarter worth approximately $293,000.

First Trust Managed Municipal ETF Price Performance

Shares of FMB stock opened at $51.04 on Thursday. First Trust Managed Municipal ETF has a 52 week low of $48.08 and a 52 week high of $51.77. The firm has a 50 day moving average of $51.43 and a two-hundred day moving average of $50.54.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.135 dividend. The ex-dividend date was Thursday, March 21st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.17%.

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.

See Also

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

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