Atlas Private Wealth Advisors Boosts Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Atlas Private Wealth Advisors lifted its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 96,207 shares of the company’s stock after acquiring an additional 3,363 shares during the period. First Trust Managed Municipal ETF makes up approximately 0.7% of Atlas Private Wealth Advisors’ investment portfolio, making the stock its 24th largest position. Atlas Private Wealth Advisors’ holdings in First Trust Managed Municipal ETF were worth $4,908,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of FMB. JPMorgan Chase & Co. boosted its position in shares of First Trust Managed Municipal ETF by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after acquiring an additional 25,002 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of First Trust Managed Municipal ETF by 39.3% during the 2nd quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock worth $12,084,000 after purchasing an additional 66,762 shares during the period. Jane Street Group LLC acquired a new stake in First Trust Managed Municipal ETF during the 3rd quarter worth approximately $1,555,000. HFG Wealth Management LLC raised its holdings in First Trust Managed Municipal ETF by 1.8% in the second quarter. HFG Wealth Management LLC now owns 51,836 shares of the company’s stock valued at $2,647,000 after buying an additional 902 shares during the period. Finally, Magnus Financial Group LLC lifted its position in First Trust Managed Municipal ETF by 2.3% during the third quarter. Magnus Financial Group LLC now owns 101,700 shares of the company’s stock valued at $5,284,000 after buying an additional 2,247 shares in the last quarter.

First Trust Managed Municipal ETF Trading Up 0.2 %

FMB opened at $50.84 on Friday. The company has a 50 day moving average of $51.22 and a two-hundred day moving average of $51.46. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.14 per share. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date is Wednesday, January 22nd.

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.