First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Purchased by Modern Wealth Management LLC

Modern Wealth Management LLC raised its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 10.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 38,723 shares of the company’s stock after buying an additional 3,620 shares during the period. Modern Wealth Management LLC’s holdings in First Trust Managed Municipal ETF were worth $1,986,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Duncker Streett & Co. Inc. acquired a new position in shares of First Trust Managed Municipal ETF in the fourth quarter valued at approximately $108,000. Pinnacle Bancorp Inc. raised its holdings in First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after acquiring an additional 1,300 shares during the last quarter. Fifth Third Bancorp raised its holdings in First Trust Managed Municipal ETF by 177.8% in the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after acquiring an additional 1,778 shares during the last quarter. TrueWealth Advisors LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth $207,000. Finally, Maia Wealth LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth $234,000.

First Trust Managed Municipal ETF Trading Down 0.0 %

First Trust Managed Municipal ETF stock opened at $50.70 on Wednesday. The stock has a fifty day moving average price of $51.07 and a 200 day moving average price of $51.33. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, February 21st.

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.