12,597 Shares in First Trust Managed Municipal ETF (NASDAQ:FMB) Bought by Intellus Advisors LLC

Intellus Advisors LLC purchased a new stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) during the 4th quarter, HoldingsChannel reports. The firm purchased 12,597 shares of the company’s stock, valued at approximately $643,000.

A number of other hedge funds have also modified their holdings of the company. Hedeker Wealth LLC boosted its position in First Trust Managed Municipal ETF by 53.3% in the fourth quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock valued at $2,717,000 after buying an additional 18,519 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter worth $249,000. US Bancorp DE raised its stake in shares of First Trust Managed Municipal ETF by 45.1% during the 4th quarter. US Bancorp DE now owns 10,861 shares of the company’s stock valued at $554,000 after buying an additional 3,376 shares during the last quarter. Keybank National Association OH purchased a new position in First Trust Managed Municipal ETF during the fourth quarter valued at approximately $554,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of First Trust Managed Municipal ETF by 2.7% during the 4th quarter. Bank of New York Mellon Corp now owns 209,281 shares of the company’s stock valued at $10,675,000 after purchasing an additional 5,574 shares in the last quarter.

First Trust Managed Municipal ETF Stock Down 0.2 %

FMB opened at $50.85 on Friday. The company has a fifty day moving average of $51.07 and a two-hundred day moving average of $51.35. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, February 21st.

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.