Resource Investment Advisors LLC. Increased position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Financial Advisors


Resource Investment Advisors LLC. Holdings in the First Trust Managed Municipal ETF (NASDAQ:FMB – Get Rating) increased 164.2% in the fourth quarter, according to the company’s latest Form 13F filed with the U.S. Securities and Exchange Commission. The institutional investor owned 250,422 shares of the company after he acquired an additional 155,627 shares during the period. Resource Investment Advisors LLC. It owned approximately 0.66% of the First Trust Managed Municipal ETF worth $12,549,000 as of its latest filing with the Securities and Exchange Commission.

Several other institutional investors have also changed their FMB holdings. BNP Paribas Arbitrage SA took a new position worth $26,000 in the First Trust Managed Municipal ETF in Q1. AdvisorNet Financial Inc increased its First Trust Managed Municipal ETF equity position by 376.0% in the fourth quarter. AdvisorNet Financial Inc now owns 714 of his shares worth $36,000 after purchasing an additional 564 shares during the previous quarter. Gradient Investments LLC acquired new shares in First Trust Managed Municipal ETF worth approximately $73,000 in the third quarter. Heritage Wealth Management LLC boosted its position in the First Trust Managed Municipal ETF by 390.3% in Q3. Heritage Wealth Management LLC now owns 1,569 shares of the company worth $76,000 after acquiring an additional 1,249 shares during the previous quarter. Finally, Ten Capital Wealth Advisors LLC purchased a new position in the First Trust Managed Municipal ETF worth approximately $83,000 in the third quarter.

First Trust Managed Municipal Government ETF Stock Performance

FMB shares fell $0.07 in intraday trading on Monday to reach $51.21. The company’s stock had a trading volume of 43,505 shares for him and an average trading volume of 238,931 shares for him. The company has a 50-day simple moving average of $50.89 and a 200-day simple moving average of $50.90. The First Trust Managed Municipal ETF hit a 12-month low of $48.07 and a 12-month high of $52.27.

Municipal ETF managed by First Trust increases dividend

The company recently announced a monthly dividend, which was paid out on Friday, March 31st. Investors of record on Monday, March 27 were paid a dividend of $0.13 per share. This is an increase from the First Trust Managed Municipal ETF’s previous monthly dividend of $0.13. The ex-dividend date was Friday, March 24. This represents his $1.56 dividend and his 3.05% yield on an annualized basis.

About First Trust Managed Municipal ETF

(get rating)

First Trust Managed Municipal ETF (FMB) is an exchange traded fund that invests primarily in investment grade bonds. The fund is an actively managed fund that invests primarily in investment grade municipal bonds and also includes high yield exposure. FMB was launched on May 13, 2014 and is managed by First Trust.

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First Trust Managed Municipal ETF (NASDAQ:FMB) Quarterly Institutional Ownership

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