Uniting Wealth Partners LLC Buys New Shares in First Trust Managed Municipal ETF $FMB

Uniting Wealth Partners LLC purchased a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the third quarter, according to its most recent filing with the SEC. The firm purchased 53,911 shares of the company’s stock, valued at approximately $2,733,000.

Other hedge funds have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. grew its stake in First Trust Managed Municipal ETF by 7.8% during the third quarter. Pinnacle Bancorp Inc. now owns 2,752 shares of the company’s stock worth $140,000 after purchasing an additional 200 shares during the period. Prospera Financial Services Inc boosted its holdings in shares of First Trust Managed Municipal ETF by 0.4% during the 2nd quarter. Prospera Financial Services Inc now owns 61,466 shares of the company’s stock worth $3,063,000 after buying an additional 216 shares in the last quarter. Financial Strategies Group Inc. increased its stake in shares of First Trust Managed Municipal ETF by 1.2% in the 3rd quarter. Financial Strategies Group Inc. now owns 17,855 shares of the company’s stock valued at $914,000 after acquiring an additional 220 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of First Trust Managed Municipal ETF by 0.9% during the 2nd quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock valued at $1,544,000 after acquiring an additional 266 shares during the period. Finally, Great Valley Advisor Group Inc. boosted its stake in First Trust Managed Municipal ETF by 1.4% during the second quarter. Great Valley Advisor Group Inc. now owns 19,317 shares of the company’s stock worth $962,000 after acquiring an additional 275 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

NASDAQ:FMB opened at $51.83 on Friday. First Trust Managed Municipal ETF has a 12 month low of $48.19 and a 12 month high of $51.88. The firm has a fifty day simple moving average of $51.30 and a two-hundred day simple moving average of $50.88.

First Trust Managed Municipal ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were paid a $0.154 dividend. The ex-dividend date was Wednesday, January 21st. This represents a c) annualized dividend and a dividend yield of 3.6%. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15.

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.