Gateway Wealth Partners LLC Acquires 48,145 Shares of First Trust Managed Municipal ETF $FMB

Gateway Wealth Partners LLC increased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 97.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,524 shares of the company’s stock after acquiring an additional 48,145 shares during the quarter. Gateway Wealth Partners LLC owned about 0.25% of First Trust Managed Municipal ETF worth $4,941,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in First Trust Managed Municipal ETF during the 1st quarter valued at $31,000. PNC Financial Services Group Inc. acquired a new position in shares of First Trust Managed Municipal ETF in the third quarter valued at $51,000. Ascentis Independent Advisors acquired a new position in shares of First Trust Managed Municipal ETF in the first quarter valued at $53,000. Tucker Asset Management LLC acquired a new position in shares of First Trust Managed Municipal ETF in the fourth quarter valued at $54,000. Finally, Hazlett Burt & Watson Inc. raised its position in shares of First Trust Managed Municipal ETF by 38.9% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,250 shares of the company’s stock valued at $64,000 after purchasing an additional 350 shares during the period.

First Trust Managed Municipal ETF Stock Performance

NASDAQ FMB opened at $50.39 on Tuesday. The firm has a 50-day moving average of $51.11 and a 200-day moving average of $51.24. First Trust Managed Municipal ETF has a 52-week low of $49.30 and a 52-week high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be issued a $0.157 dividend. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, July 21st.

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.