GSG Advisors LLC Raises Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

GSG Advisors LLC lifted its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 10.6% in the second quarter, HoldingsChannel.com reports. The fund owned 22,429 shares of the company’s stock after buying an additional 2,143 shares during the quarter. GSG Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $1,144,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FMB. International Assets Investment Management LLC bought a new position in shares of First Trust Managed Municipal ETF during the 4th quarter valued at approximately $6,801,000. Genesee Capital Advisors LLC bought a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at about $213,000. Seascape Capital Management increased its stake in First Trust Managed Municipal ETF by 27.6% during the fourth quarter. Seascape Capital Management now owns 15,046 shares of the company’s stock worth $777,000 after acquiring an additional 3,250 shares during the last quarter. PCG Wealth Advisors LLC purchased a new stake in First Trust Managed Municipal ETF during the fourth quarter valued at approximately $2,433,000. Finally, Grant GrossMendelsohn LLC raised its position in First Trust Managed Municipal ETF by 2.5% during the fourth quarter. Grant GrossMendelsohn LLC now owns 30,646 shares of the company’s stock valued at $1,568,000 after purchasing an additional 745 shares during the period.

First Trust Managed Municipal ETF Price Performance

Shares of First Trust Managed Municipal ETF stock traded up $0.06 on Friday, reaching $51.58. The company had a trading volume of 124,152 shares, compared to its average volume of 153,691. The firm’s 50-day moving average price is $51.32 and its two-hundred day moving average price is $51.24. First Trust Managed Municipal ETF has a 1 year low of $48.08 and a 1 year high of $52.07.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a dividend of $0.137 per share. The ex-dividend date of this dividend was Thursday, June 27th.

About First Trust Managed Municipal ETF

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.