ShoreHaven Wealth Partners LLC Boosts Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

ShoreHaven Wealth Partners LLC increased its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 19.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,671 shares of the company’s stock after purchasing an additional 1,560 shares during the period. ShoreHaven Wealth Partners LLC’s holdings in First Trust Managed Municipal ETF were worth $503,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in First Trust Managed Municipal ETF during the first quarter worth about $15,269,000. Cetera Investment Advisers grew its position in First Trust Managed Municipal ETF by 246.7% during the first quarter. Cetera Investment Advisers now owns 252,562 shares of the company’s stock worth $12,972,000 after buying an additional 179,710 shares during the period. Avantax Advisory Services Inc. grew its position in First Trust Managed Municipal ETF by 44.5% during the first quarter. Avantax Advisory Services Inc. now owns 524,971 shares of the company’s stock worth $26,963,000 after buying an additional 161,642 shares during the period. ARQ Wealth Advisors LLC acquired a new position in First Trust Managed Municipal ETF during the first quarter worth about $6,428,000. Finally, International Assets Investment Management LLC grew its position in First Trust Managed Municipal ETF by 5,096.0% during the third quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock worth $5,934,000 after buying an additional 112,010 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB opened at $51.15 on Friday. The firm’s 50-day moving average is $51.75 and its two-hundred day moving average is $51.38. First Trust Managed Municipal ETF has a twelve month low of $48.08 and a twelve month high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd will be given a $0.139 dividend. The ex-dividend date is Tuesday, October 22nd.

First Trust Managed Municipal ETF 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.