Atria Wealth Solutions Inc. Boosts Position in First Trust Managed Municipal ETF $FMB

Atria Wealth Solutions Inc. boosted its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,382 shares of the company’s stock after purchasing an additional 1,128 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in First Trust Managed Municipal ETF were worth $717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FMB. Flaharty Asset Management LLC purchased a new stake in shares of First Trust Managed Municipal ETF in the first quarter valued at $58,000. IMG Wealth Management Inc. purchased a new stake in shares of First Trust Managed Municipal ETF in the first quarter valued at $65,000. GAMMA Investing LLC lifted its position in shares of First Trust Managed Municipal ETF by 4,941.9% in the first quarter. GAMMA Investing LLC now owns 1,563 shares of the company’s stock valued at $79,000 after acquiring an additional 1,532 shares in the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of First Trust Managed Municipal ETF by 18.7% in the second quarter. Pinnacle Bancorp Inc. now owns 2,552 shares of the company’s stock valued at $127,000 after acquiring an additional 402 shares in the last quarter. Finally, Advisor Resource Council purchased a new stake in shares of First Trust Managed Municipal ETF in the first quarter valued at $202,000.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ:FMB opened at $51.24 on Friday. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $51.99. The stock’s fifty day simple moving average is $50.41 and its 200-day simple moving average is $49.94.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.146 dividend. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Thursday, September 25th.

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.