First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Purchased by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. raised its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 15.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 165,653 shares of the company’s stock after buying an additional 21,704 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned approximately 0.66% of First Trust Managed Municipal ETF worth $9,186,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 4.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 5,872 shares of the company’s stock worth $326,000 after buying an additional 234 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its position in shares of First Trust Managed Municipal ETF by 15.1% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,798 shares of the company’s stock valued at $100,000 after acquiring an additional 236 shares in the last quarter. Cooper Financial Group boosted its stake in First Trust Managed Municipal ETF by 1.8% in the 4th quarter. Cooper Financial Group now owns 17,320 shares of the company’s stock worth $962,000 after purchasing an additional 303 shares during the period. Inspirion Wealth Advisors LLC boosted its stake in First Trust Managed Municipal ETF by 7.7% in the 4th quarter. Inspirion Wealth Advisors LLC now owns 4,998 shares of the company’s stock worth $278,000 after purchasing an additional 356 shares during the period. Finally, Usca Ria LLC grew its position in First Trust Managed Municipal ETF by 1.3% during the 4th quarter. Usca Ria LLC now owns 28,987 shares of the company’s stock worth $1,610,000 after purchasing an additional 365 shares in the last quarter.

Shares of NASDAQ:FMB opened at $52.91 on Thursday. The company’s fifty day moving average is $55.45 and its two-hundred day moving average is $55.58. First Trust Managed Municipal ETF has a 12-month low of $48.96 and a 12-month high of $57.49.

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were issued a dividend of $0.105 per share. The ex-dividend date was Friday, February 21st. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.38%.

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Institutional Ownership by Quarter for First Trust Managed Municipal ETF (NASDAQ:FMB)

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