GSG Advisors LLC Has $1.04 Million Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

GSG Advisors LLC lifted its position in First Trust Managed Municipal ETF (NASDAQ:FMBFree Report) by 38.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,286 shares of the company’s stock after buying an additional 5,604 shares during the quarter. GSG Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FMB. Sebold Capital Management Inc. raised its stake in First Trust Managed Municipal ETF by 2.4% during the 1st quarter. Sebold Capital Management Inc. now owns 34,556 shares of the company’s stock valued at $1,775,000 after purchasing an additional 806 shares during the last quarter. Fragasso Group Inc. raised its stake in First Trust Managed Municipal ETF by 48.3% during the 1st quarter. Fragasso Group Inc. now owns 8,900 shares of the company’s stock valued at $457,000 after purchasing an additional 2,900 shares during the last quarter. Weitzel Financial Services Inc. raised its stake in First Trust Managed Municipal ETF by 5.1% during the 1st quarter. Weitzel Financial Services Inc. now owns 48,742 shares of the company’s stock valued at $2,497,000 after purchasing an additional 2,383 shares during the last quarter. Insight Wealth Strategies LLC raised its stake in First Trust Managed Municipal ETF by 3.4% during the 1st quarter. Insight Wealth Strategies LLC now owns 33,445 shares of the company’s stock valued at $1,718,000 after purchasing an additional 1,097 shares during the last quarter. Finally, Cooksen Wealth LLC acquired a new position in First Trust Managed Municipal ETF during the 4th quarter valued at $245,000.

First Trust Managed Municipal ETF Price Performance

NASDAQ:FMB traded down $0.04 during trading hours on Friday, hitting $51.30. 161,789 shares of the company traded hands, compared to its average volume of 156,940. The firm has a 50-day moving average of $50.99 and a 200 day moving average of $51.25. First Trust Managed Municipal ETF has a twelve month low of $48.08 and a twelve month high of $51.77.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd were issued a $0.135 dividend. This represents a $1.62 annualized dividend and a yield of 3.16%. The ex-dividend date was Tuesday, May 21st.

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.

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

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