Signature Estate & Investment Advisors LLC raised its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB – Get Rating) by 105.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,861 shares of the company’s stock after buying an additional 107,223 shares during the period. Signature Estate & Investment Advisors LLC owned about 0.55% of First Trust Managed Municipal ETF worth $10,466,000 at the end of the most recent reporting period.

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Several other large investors have also modified their holdings of the business. Bernardo Wealth Planning LLC boosted its position in shares of First Trust Managed Municipal ETF by 0.8% during the third quarter. Bernardo Wealth Planning LLC now owns 31,618 shares of the company’s stock valued at $1,535,000 after buying an additional 246 shares during the period. Regal Investment Advisors LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 1.8% in the third quarter. Regal Investment Advisors LLC now owns 16,025 shares of the company’s stock valued at $781,000 after purchasing an additional 283 shares during the period. Occidental Asset Management LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 1.9% in the third quarter. Occidental Asset Management LLC now owns 17,109 shares of the company’s stock valued at $834,000 after purchasing an additional 321 shares during the period. Miracle Mile Advisors LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 2.3% in the third quarter. Miracle Mile Advisors LLC now owns 15,976 shares of the company’s stock valued at $778,000 after purchasing an additional 354 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 3.7% in the first quarter. Geneos Wealth Management Inc. now owns 10,633 shares of the company’s stock valued at $564,000 after purchasing an additional 375 shares during the period.

First Trust Managed Municipal ETF Trading Up 0.5 %

Shares of NASDAQ FMB opened at $50.86 on Friday. The stock has a 50 day moving average price of $50.89 and a 200 day moving average price of $50.11. First Trust Managed Municipal ETF has a 52-week low of $48.07 and a 52-week high of $53.90.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, February 28th. Investors of record on Thursday, February 23rd were issued a $0.128 dividend. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, February 22nd. This represents a $1.54 dividend on an annualized basis and a dividend yield of 3.02%.

About First Trust Managed Municipal ETF

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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.

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