Warren Street Wealth Advisors LLC Grows Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Warren Street Wealth Advisors LLC raised its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 22.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,414 shares of the company’s stock after purchasing an additional 3,010 shares during the period. Warren Street Wealth Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $837,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 152.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after purchasing an additional 1,300 shares in the last quarter. Fifth Third Bancorp lifted its holdings in First Trust Managed Municipal ETF by 177.8% during the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after buying an additional 1,778 shares during the period. Dopkins Wealth Management LLC bought a new stake in First Trust Managed Municipal ETF during the 3rd quarter valued at $201,000. TrueWealth Advisors LLC purchased a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at $207,000. Finally, James Investment Research Inc. bought a new position in shares of First Trust Managed Municipal ETF in the 3rd quarter worth $224,000.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $50.96 on Thursday. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13. The business has a fifty day moving average price of $51.10 and a 200 day moving average price of $51.44.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a dividend of $0.14 per share. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Wednesday, January 22nd.

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.