Avantax Planning Partners Inc. Has $44.25 Million Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Avantax Planning Partners Inc. raised its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMBGet Rating) by 718.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 833,889 shares of the company’s stock after buying an additional 731,977 shares during the period. First Trust Managed Municipal ETF comprises approximately 1.8% of Avantax Planning Partners Inc.’s investment portfolio, making the stock its 10th biggest position. Avantax Planning Partners Inc. owned approximately 2.06% of First Trust Managed Municipal ETF worth $44,246,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in FMB. BlackDiamond Wealth Management Inc. boosted its stake in First Trust Managed Municipal ETF by 4.3% in the 1st quarter. BlackDiamond Wealth Management Inc. now owns 5,424 shares of the company’s stock worth $288,000 after purchasing an additional 222 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 6.0% during the 4th quarter. Benjamin Edwards Inc. now owns 4,873 shares of the company’s stock valued at $278,000 after buying an additional 274 shares during the period. Doyle Wealth Management boosted its stake in shares of First Trust Managed Municipal ETF by 2.3% during the 4th quarter. Doyle Wealth Management now owns 12,620 shares of the company’s stock valued at $719,000 after buying an additional 279 shares during the period. Magnus Financial Group LLC boosted its stake in shares of First Trust Managed Municipal ETF by 2.5% during the 4th quarter. Magnus Financial Group LLC now owns 14,143 shares of the company’s stock valued at $806,000 after buying an additional 344 shares during the period. Finally, Regal Investment Advisors LLC boosted its stake in shares of First Trust Managed Municipal ETF by 2.1% during the 4th quarter. Regal Investment Advisors LLC now owns 18,557 shares of the company’s stock valued at $1,057,000 after buying an additional 381 shares during the period.

First Trust Managed Municipal ETF Trading Down 0.5 %

Shares of NASDAQ:FMB traded down $0.25 during trading on Friday, reaching $51.72. 240,882 shares of the company traded hands, compared to its average volume of 379,670. The firm has a fifty day simple moving average of $51.12 and a 200 day simple moving average of $52.53. First Trust Managed Municipal ETF has a 1-year low of $49.97 and a 1-year high of $57.64.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 22nd were paid a dividend of $0.106 per share. The ex-dividend date of this dividend was Thursday, July 21st. This represents a $1.27 dividend on an annualized basis and a dividend yield of 2.46%. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.10.

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

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