Sentinel Pension Advisors Inc. Increases Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Sentinel Pension Advisors Inc. lifted its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 12.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,409 shares of the company’s stock after purchasing an additional 4,462 shares during the quarter. Sentinel Pension Advisors Inc.’s holdings in First Trust Managed Municipal ETF were worth $2,048,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DHJJ Financial Advisors Ltd. increased its holdings in First Trust Managed Municipal ETF by 119.4% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock worth $40,000 after buying an additional 430 shares during the period. Fifth Third Bancorp acquired a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $51,000. IAG Wealth Partners LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $53,000. WR Wealth Planners LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $56,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $112,000.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB remained flat at $51.75 during midday trading on Wednesday. 17,399 shares of the stock were exchanged, compared to its average volume of 154,170. First Trust Managed Municipal ETF has a twelve month low of $48.08 and a twelve month high of $52.13. The firm has a fifty day moving average price of $51.78 and a 200-day moving average price of $51.36.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.139 per share. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Thursday, September 26th.

First Trust Managed Municipal ETF Company 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.