FSB Premier Wealth Management Inc. Has $4.43 Million Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

FSB Premier Wealth Management Inc. raised its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,784 shares of the company’s stock after buying an additional 2,331 shares during the period. First Trust Managed Municipal ETF accounts for 1.7% of FSB Premier Wealth Management Inc.’s holdings, making the stock its 11th largest holding. FSB Premier Wealth Management Inc.’s holdings in First Trust Managed Municipal ETF were worth $4,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its position in First Trust Managed Municipal ETF by 3.7% in the first quarter. LPL Financial LLC now owns 2,179,768 shares of the company’s stock valued at $109,909,000 after buying an additional 77,992 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in First Trust Managed Municipal ETF by 3.1% in the first quarter. Miracle Mile Advisors LLC now owns 649,521 shares of the company’s stock valued at $32,750,000 after buying an additional 19,690 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in First Trust Managed Municipal ETF by 2.8% in the first quarter. Avantax Advisory Services Inc. now owns 621,617 shares of the company’s stock valued at $31,343,000 after buying an additional 16,676 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in First Trust Managed Municipal ETF by 4.1% in the fourth quarter. OneDigital Investment Advisors LLC now owns 436,357 shares of the company’s stock valued at $22,259,000 after buying an additional 17,192 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of First Trust Managed Municipal ETF by 4.8% during the fourth quarter. Stifel Financial Corp now owns 346,708 shares of the company’s stock worth $17,686,000 after purchasing an additional 15,963 shares during the period.

First Trust Managed Municipal ETF Trading Up 0.2%

Shares of NASDAQ:FMB opened at $49.49 on Wednesday. The firm’s fifty day moving average is $49.66 and its 200-day moving average is $50.21. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 22nd will be issued a dividend of $0.144 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $1.73 dividend on an annualized basis and a dividend yield of 3.49%.

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.