First Trust Managed Municipal ETF $FMB Shares Newly Bought by Schwallier Wealth Management LLC

Schwallier Wealth Management LLC acquired a new position in First Trust Managed Municipal ETF (NASDAQ:FMB) in the third quarter, HoldingsChannel reports. The fund acquired 15,915 shares of the company’s stock, valued at approximately $762,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Continuum Advisory LLC purchased a new position in First Trust Managed Municipal ETF during the 2nd quarter valued at about $29,000. Frazier Financial Advisors LLC bought a new stake in shares of First Trust Managed Municipal ETF in the 1st quarter valued at about $31,000. PFS Partners LLC raised its holdings in shares of First Trust Managed Municipal ETF by 279.6% in the 3rd quarter. PFS Partners LLC now owns 706 shares of the company’s stock valued at $34,000 after purchasing an additional 520 shares in the last quarter. Jacobi Capital Management LLC bought a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter valued at about $53,000. Finally, Legacy Wealth Managment LLC ID lifted its position in shares of First Trust Managed Municipal ETF by 339.0% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,374 shares of the company’s stock worth $70,000 after purchasing an additional 1,061 shares during the period.

First Trust Managed Municipal ETF Stock Up 0.2%

Shares of FMB opened at $49.95 on Thursday. The company has a 50 day moving average price of $48.87 and a 200-day moving average price of $50.52. First Trust Managed Municipal ETF has a fifty-two week low of $47.38 and a fifty-two week high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were issued a dividend of $0.1590 per share. This represents a $1.91 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, October 21st.

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.