Worth Financial Advisory Group LLC Invests $761,000 in First Trust Managed Municipal ETF $FMB

Worth Financial Advisory Group LLC purchased a new stake in First Trust Managed Municipal ETF (NASDAQ:FMB) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,878 shares of the company’s stock, valued at approximately $761,000.

A number of other institutional investors have also recently added to or reduced their stakes in FMB. Total Investment Management Inc. purchased a new stake in First Trust Managed Municipal ETF in the 2nd quarter valued at $27,000. Evolution Wealth Management Inc. acquired a new position in shares of First Trust Managed Municipal ETF during the 2nd quarter valued at about $27,000. Ameriflex Group Inc. purchased a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at about $40,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at about $45,000. Finally, PNC Financial Services Group Inc. purchased a new position in First Trust Managed Municipal ETF during the third quarter worth about $51,000.

First Trust Managed Municipal ETF Trading Up 0.1%

NASDAQ:FMB opened at $50.88 on Friday. The company’s 50-day moving average is $51.41 and its two-hundred day moving average is $51.22. First Trust Managed Municipal ETF has a 1-year low of $48.19 and a 1-year high of $52.03.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.155 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a c) annualized dividend and a yield of 3.7%.

First Trust Managed Municipal ETF Company 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.