Activest Wealth Management Takes $39,000 Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Activest Wealth Management purchased a new stake in First Trust Managed Municipal ETF (NASDAQ:FMBGet Rating) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 768 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds also recently added to or reduced their stakes in FMB. Bank of America Corp DE grew its stake in First Trust Managed Municipal ETF by 5.0% during the 1st quarter. Bank of America Corp DE now owns 2,737,512 shares of the company’s stock valued at $145,253,000 after acquiring an additional 129,391 shares in the last quarter. UBS Group AG boosted its position in First Trust Managed Municipal ETF by 15.3% in the 1st quarter. UBS Group AG now owns 2,101,471 shares of the company’s stock valued at $111,504,000 after buying an additional 279,580 shares during the period. LPL Financial LLC raised its stake in shares of First Trust Managed Municipal ETF by 8.8% in the fourth quarter. LPL Financial LLC now owns 1,959,957 shares of the company’s stock valued at $111,678,000 after acquiring an additional 158,295 shares in the last quarter. CWA Asset Management Group LLC grew its stake in First Trust Managed Municipal ETF by 7.7% during the 1st quarter. CWA Asset Management Group LLC now owns 1,384,306 shares of the company’s stock worth $73,451,000 after purchasing an additional 98,425 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its holdings in First Trust Managed Municipal ETF by 15.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 976,716 shares of the company’s stock worth $46,931,000 after purchasing an additional 127,180 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB stock traded down $0.28 on Friday, reaching $49.21. 12,987 shares of the stock were exchanged, compared to its average volume of 366,027. The business’s 50 day moving average price is $50.98 and its 200 day moving average price is $51.46. First Trust Managed Municipal ETF has a twelve month low of $49.46 and a twelve month high of $57.28.

First Trust Managed Municipal ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, August 31st. Investors of record on Wednesday, August 24th were paid a dividend of $0.108 per share. The ex-dividend date was Tuesday, August 23rd. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.63%. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.11.

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Institutional Ownership by Quarter for First Trust Managed Municipal ETF (NASDAQ:FMB)

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