First Heartland Consultants Inc. Purchases 13,878 Shares of First Trust Managed Municipal ETF $FMB

First Heartland Consultants Inc. grew its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 11.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,249 shares of the company’s stock after purchasing an additional 13,878 shares during the period. First Heartland Consultants Inc. owned about 0.34% of First Trust Managed Municipal ETF worth $6,660,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FMB. Friday Financial boosted its holdings in First Trust Managed Municipal ETF by 111.3% during the fourth quarter. Friday Financial now owns 31,429 shares of the company’s stock worth $1,607,000 after purchasing an additional 16,555 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in First Trust Managed Municipal ETF by 1.1% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 33,331 shares of the company’s stock valued at $1,704,000 after buying an additional 363 shares during the last quarter. Occidental Asset Management LLC increased its stake in First Trust Managed Municipal ETF by 9.8% in the 4th quarter. Occidental Asset Management LLC now owns 14,543 shares of the company’s stock valued at $744,000 after buying an additional 1,300 shares during the last quarter. Magnus Financial Group LLC lifted its position in shares of First Trust Managed Municipal ETF by 3.2% during the 4th quarter. Magnus Financial Group LLC now owns 84,306 shares of the company’s stock worth $4,311,000 after buying an additional 2,584 shares in the last quarter. Finally, Gilbert & Cook Inc. bought a new position in shares of First Trust Managed Municipal ETF during the 4th quarter worth approximately $820,000.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $50.93 on Tuesday. The stock’s 50 day moving average price is $51.52 and its 200-day moving average price is $51.22. First Trust Managed Municipal ETF has a twelve month low of $48.19 and a twelve month high of $52.03.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were given a $0.155 dividend. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, February 20th.

About First Trust Managed Municipal ETF

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.