Impact Partnership Wealth LLC Raises Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Impact Partnership Wealth LLC raised its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,018 shares of the company’s stock after buying an additional 716 shares during the period. Impact Partnership Wealth LLC’s holdings in First Trust Managed Municipal ETF were worth $817,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of First Trust Managed Municipal ETF by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after purchasing an additional 25,002 shares during the period. NewEdge Advisors LLC raised its position in First Trust Managed Municipal ETF by 39.3% during the 2nd quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock valued at $12,084,000 after purchasing an additional 66,762 shares during the last quarter. Jane Street Group LLC purchased a new stake in First Trust Managed Municipal ETF in the 3rd quarter worth approximately $1,555,000. HFG Wealth Management LLC grew its position in shares of First Trust Managed Municipal ETF by 1.8% in the 2nd quarter. HFG Wealth Management LLC now owns 51,836 shares of the company’s stock worth $2,647,000 after buying an additional 902 shares during the last quarter. Finally, Magnus Financial Group LLC raised its holdings in shares of First Trust Managed Municipal ETF by 2.3% during the third quarter. Magnus Financial Group LLC now owns 101,700 shares of the company’s stock valued at $5,284,000 after acquiring an additional 2,247 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of First Trust Managed Municipal ETF stock opened at $50.74 on Friday. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13. The company’s fifty day simple moving average is $51.23 and its two-hundred day simple moving average is $51.46.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a $0.14 dividend. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date is Wednesday, January 22nd.

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.