Landmark Wealth Management LLC Increases Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Landmark Wealth Management LLC raised its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,005 shares of the company’s stock after purchasing an additional 1,166 shares during the quarter. First Trust Managed Municipal ETF accounts for about 1.5% of Landmark Wealth Management LLC’s investment portfolio, making the stock its 21st biggest holding. Landmark Wealth Management LLC owned 0.17% of First Trust Managed Municipal ETF worth $3,430,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FMB. Jane Street Group LLC bought a new position in First Trust Managed Municipal ETF during the 1st quarter valued at about $15,269,000. Cetera Investment Advisers increased its holdings 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 valued at $12,972,000 after buying an additional 179,710 shares during the last quarter. Avantax Advisory Services Inc. raised its position in First Trust Managed Municipal ETF by 44.5% in the first quarter. Avantax Advisory Services Inc. now owns 524,971 shares of the company’s stock worth $26,963,000 after acquiring an additional 161,642 shares during the period. ARQ Wealth Advisors LLC purchased a new position in shares of First Trust Managed Municipal ETF during the 1st quarter worth $6,428,000. Finally, International Assets Investment Management LLC grew its position in shares of First Trust Managed Municipal ETF by 5,096.0% during the 3rd quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock valued at $5,934,000 after acquiring an additional 112,010 shares during the period.

First Trust Managed Municipal ETF Trading Up 0.4 %

NASDAQ FMB opened at $51.31 on Tuesday. The business’s fifty day moving average is $51.70 and its 200 day moving average is $51.39. 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 company also recently announced a dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were paid a dividend of $0.139 per share. The ex-dividend date of this dividend was 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.