Eldridge Investment Advisors Inc. Has $7.22 Million Holdings in First Trust Managed Municipal ETF (FMB)

Eldridge Investment Advisors Inc. raised its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 134,140 shares of the company’s stock after buying an additional 2,060 shares during the quarter. First Trust Managed Municipal ETF comprises 3.9% of Eldridge Investment Advisors Inc.’s holdings, making the stock its 6th largest position. Eldridge Investment Advisors Inc.’s holdings in First Trust Managed Municipal ETF were worth $7,224,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FMB. CWM LLC purchased a new stake in First Trust Managed Municipal ETF in the first quarter valued at about $28,000. Financial Advocates Investment Management raised its stake in First Trust Managed Municipal ETF by 507.9% in the fourth quarter. Financial Advocates Investment Management now owns 4,170 shares of the company’s stock valued at $60,000 after buying an additional 3,484 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in First Trust Managed Municipal ETF in the fourth quarter valued at about $106,000. PNC Financial Services Group Inc. raised its stake in First Trust Managed Municipal ETF by 23.5% in 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 during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in First Trust Managed Municipal ETF by 195.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,405 shares of the company’s stock valued at $179,000 after buying an additional 2,253 shares during the last quarter.

First Trust Managed Municipal ETF stock opened at $53.83 on Thursday. First Trust Managed Municipal ETF has a one year low of $51.51 and a one year high of $53.92.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th will be paid a $0.1175 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, April 23rd.

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

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