Foster & Motley Inc. Has $2.10 Million Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Foster & Motley Inc. decreased its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 4.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 41,170 shares of the company’s stock after selling 2,041 shares during the period. Foster & Motley Inc.’s holdings in First Trust Managed Municipal ETF were worth $2,100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PFS Partners LLC grew its holdings in shares of First Trust Managed Municipal ETF by 2.1% in the 3rd quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock valued at $530,000 after buying an additional 214 shares during the period. Westside Investment Management Inc. lifted its position in First Trust Managed Municipal ETF by 0.5% in the 3rd quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after acquiring an additional 343 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in First Trust Managed Municipal ETF by 5.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 7,838 shares of the company’s stock valued at $400,000 after acquiring an additional 386 shares in the last quarter. Main Line Retirement Advisors LLC lifted its position in First Trust Managed Municipal ETF by 0.8% in the 3rd quarter. Main Line Retirement Advisors LLC now owns 64,206 shares of the company’s stock valued at $3,336,000 after acquiring an additional 527 shares in the last quarter. Finally, Weitzel Financial Services Inc. lifted its position in First Trust Managed Municipal ETF by 1.2% in the 3rd quarter. Weitzel Financial Services Inc. now owns 48,183 shares of the company’s stock valued at $2,509,000 after acquiring an additional 569 shares in the last quarter.

First Trust Managed Municipal ETF Stock Up 0.2 %

FMB opened at $51.10 on Friday. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13. The firm’s fifty day simple moving average is $51.18 and its 200 day simple moving average is $51.45.

First Trust Managed Municipal ETF Increases Dividend

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

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.