Concurrent Investment Advisors LLC Boosts Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Concurrent Investment Advisors LLC boosted its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 123.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,193 shares of the company’s stock after purchasing an additional 8,384 shares during the period. Concurrent Investment Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $775,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. WealthCare Investment Partners LLC raised its position in First Trust Managed Municipal ETF by 0.6% in the fourth quarter. WealthCare Investment Partners LLC now owns 48,816 shares of the company’s stock valued at $2,495,000 after purchasing an additional 274 shares during the period. Legacy Solutions LLC purchased a new stake in First Trust Managed Municipal ETF in the 4th quarter valued at about $1,317,000. Traction Financial Partners LLC raised its holdings in First Trust Managed Municipal ETF by 11.2% in the 4th quarter. Traction Financial Partners LLC now owns 29,452 shares of the company’s stock valued at $1,502,000 after buying an additional 2,966 shares during the period. Truist Financial Corp raised its holdings in First Trust Managed Municipal ETF by 2.1% in the 4th quarter. Truist Financial Corp now owns 319,710 shares of the company’s stock valued at $16,308,000 after buying an additional 6,564 shares during the period. Finally, Sanctuary Advisors LLC raised its holdings in First Trust Managed Municipal ETF by 3.1% in the 4th quarter. Sanctuary Advisors LLC now owns 79,286 shares of the company’s stock valued at $4,052,000 after buying an additional 2,368 shares during the period.

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock opened at $51.24 on Monday. The company’s 50 day simple moving average is $51.00 and its 200-day simple moving average is $51.41. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, February 21st.

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.