Wheelhouse Advisory Group LLC Takes $583,000 Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Wheelhouse Advisory Group LLC purchased a new stake in First Trust Managed Municipal ETF (NASDAQ:FMB) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 11,283 shares of the company’s stock, valued at approximately $583,000. First Trust Managed Municipal ETF makes up 0.5% of Wheelhouse Advisory Group LLC’s investment portfolio, making the stock its 20th biggest position.

A number of other large investors have also added to or reduced their stakes in FMB. Jane Street Group LLC grew its position in First Trust Managed Municipal ETF by 11,438.7% during the fourth quarter. Jane Street Group LLC now owns 756,480 shares of the company’s stock worth $37,907,000 after buying an additional 749,924 shares in the last quarter. UBS Group AG lifted its position in shares of First Trust Managed Municipal ETF by 15.3% during the 1st quarter. UBS Group AG now owns 2,101,471 shares of the company’s stock worth $111,504,000 after buying an additional 279,580 shares during the last quarter. LPL Financial LLC boosted its stake in shares of First Trust Managed Municipal ETF by 13.6% in the 3rd quarter. LPL Financial LLC now owns 2,311,853 shares of the company’s stock valued at $113,003,000 after purchasing an additional 277,430 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in First Trust Managed Municipal ETF by 1,700,087.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 272,030 shares of the company’s stock worth $13,297,000 after purchasing an additional 272,014 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in First Trust Managed Municipal ETF in the third quarter valued at about $11,217,000.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ:FMB traded up $0.04 during midday trading on Friday, hitting $50.99. 64,257 shares of the stock were exchanged, compared to its average volume of 163,317. The business’s 50-day moving average price is $51.33 and its 200 day moving average price is $50.66. First Trust Managed Municipal ETF has a 12 month low of $48.08 and a 12 month high of $51.77.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, March 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.