Resources Investment Advisors Inc. Grows Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Resources Investment Advisors Inc. lifted its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 221.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,123 shares of the company’s stock after purchasing an additional 12,492 shares during the quarter. Resources Investment Advisors Inc. owned about 0.14% of First Trust Managed Municipal ETF worth $976,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. CWM LLC acquired a new position in First Trust Managed Municipal ETF during the 1st quarter valued at approximately $28,000. Financial Advocates Investment Management raised its position in shares of First Trust Managed Municipal ETF by 507.9% during the fourth quarter. Financial Advocates Investment Management now owns 4,170 shares of the company’s stock worth $60,000 after purchasing an additional 3,484 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth $106,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the first quarter worth $110,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of First Trust Managed Municipal ETF by 23.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,049 shares of the company’s stock valued at $160,000 after buying an additional 581 shares in the last quarter.

Shares of FMB stock traded down $0.01 on Friday, reaching $54.78. 122,740 shares of the company’s stock traded hands, compared to its average volume of 113,939. The company has a 50 day moving average of $54.60. First Trust Managed Municipal ETF has a 12-month low of $51.51 and a 12-month high of $54.85.

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a $0.117 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.56%.

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

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