Thrivent Financial for Lutherans Has $7.55 Million Stake in First Trust Managed Municipal ETF $FMB

Thrivent Financial for Lutherans grew its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 17.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 147,602 shares of the company’s stock after purchasing an additional 21,540 shares during the period. Thrivent Financial for Lutherans’ holdings in First Trust Managed Municipal ETF were worth $7,545,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Stonehaven Wealth & Tax Solutions LLC boosted its stake in shares of First Trust Managed Municipal ETF by 4.3% during the third quarter. Stonehaven Wealth & Tax Solutions LLC now owns 4,800 shares of the company’s stock valued at $243,000 after purchasing an additional 200 shares in the last quarter. Financial Strategies Group Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 1.2% during the third quarter. Financial Strategies Group Inc. now owns 17,855 shares of the company’s stock valued at $914,000 after purchasing an additional 220 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of First Trust Managed Municipal ETF by 1.7% during the third quarter. First Trust Advisors LP now owns 13,099 shares of the company’s stock valued at $664,000 after purchasing an additional 220 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 3.0% during the third quarter. Ameritas Investment Partners Inc. now owns 9,207 shares of the company’s stock valued at $467,000 after purchasing an additional 264 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 0.9% during the second quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock valued at $1,544,000 after purchasing an additional 266 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of FMB stock opened at $50.78 on Thursday. The business’s 50-day moving average price is $51.05 and its 200-day moving average price is $51.25. First Trust Managed Municipal ETF has a 12 month low of $49.28 and a 12 month high of $52.03.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were paid a dividend of $0.156 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, April 21st.

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.