TrueWealth Financial Partners Buys New Shares in First Trust Managed Municipal ETF $FMB

TrueWealth Financial Partners bought a new stake in First Trust Managed Municipal ETF (NASDAQ:FMB) in the 4th quarter, Holdings Channel reports. The firm bought 248,749 shares of the company’s stock, valued at approximately $12,720,000. First Trust Managed Municipal ETF makes up approximately 10.5% of TrueWealth Financial Partners’ portfolio, making the stock its 2nd largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in FMB. Friday Financial lifted its holdings in First Trust Managed Municipal ETF by 111.3% during the 4th quarter. Friday Financial now owns 31,429 shares of the company’s stock valued at $1,607,000 after purchasing an additional 16,555 shares during the last quarter. Gateway Wealth Partners LLC acquired a new stake in First Trust Managed Municipal ETF during the 3rd quarter valued at $2,405,000. Foster & Motley Inc. lifted its holdings in First Trust Managed Municipal ETF by 33.4% during the 4th quarter. Foster & Motley Inc. now owns 108,922 shares of the company’s stock valued at $5,570,000 after purchasing an additional 27,297 shares during the last quarter. QP Wealth Management LLC acquired a new stake in First Trust Managed Municipal ETF during the 4th quarter valued at $728,000. Finally, Citigroup Inc. lifted its holdings in First Trust Managed Municipal ETF by 13.9% during the 3rd quarter. Citigroup Inc. now owns 180,647 shares of the company’s stock valued at $9,159,000 after purchasing an additional 21,979 shares during the last quarter.

First Trust Managed Municipal ETF Stock Down 0.1%

Shares of First Trust Managed Municipal ETF stock opened at $51.06 on Thursday. The business has a fifty day simple moving average of $51.12 and a two-hundred day simple moving average of $51.26. First Trust Managed Municipal ETF has a 1 year low of $49.28 and a 1 year high of $52.03.

First Trust Managed Municipal ETF Dividend Announcement

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

First Trust Managed Municipal ETF Company 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.