13,909 Shares in First Trust Managed Municipal ETF $FMB Acquired by White Wing Wealth Management

White Wing Wealth Management purchased a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,909 shares of the company’s stock, valued at approximately $714,000. First Trust Managed Municipal ETF accounts for approximately 0.4% of White Wing Wealth Management’s investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Frazier Financial Advisors LLC acquired a new position in First Trust Managed Municipal ETF during the first quarter worth approximately $31,000. PNC Financial Services Group Inc. purchased a new position in shares of First Trust Managed Municipal ETF in the 3rd quarter valued at $51,000. Ascentis Independent Advisors purchased a new position in First Trust Managed Municipal ETF in the first quarter valued at about $53,000. Tucker Asset Management LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the 4th quarter valued at about $54,000. Finally, Hazlett Burt & Watson Inc. raised its stake in shares of First Trust Managed Municipal ETF by 38.9% during 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

Shares of First Trust Managed Municipal ETF stock opened at $50.61 on Friday. First Trust Managed Municipal ETF has a 1-year low of $49.49 and a 1-year high of $52.03. The business has a 50-day moving average of $51.04 and a 200-day moving average of $51.18.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were paid a dividend of $0.157 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Tuesday, July 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.