First Trust Managed Municipal ETF (NASDAQ:FMB) Position Raised by PFS Partners LLC

PFS Partners LLC raised its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3,947.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 10,077 shares of the company’s stock after buying an additional 9,828 shares during the quarter. First Trust Managed Municipal ETF makes up about 0.3% of PFS Partners LLC’s investment portfolio, making the stock its 27th largest holding. PFS Partners LLC’s holdings in First Trust Managed Municipal ETF were worth $518,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its holdings in shares of First Trust Managed Municipal ETF by 2.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 17,616 shares of the company’s stock valued at $910,000 after purchasing an additional 427 shares during the period. RFG Advisory LLC increased its holdings in shares of First Trust Managed Municipal ETF by 916.2% during the fourth quarter. RFG Advisory LLC now owns 194,688 shares of the company’s stock valued at $10,058,000 after purchasing an additional 175,530 shares during the period. Stock Yards Bank & Trust Co. increased its holdings in shares of First Trust Managed Municipal ETF by 37.7% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 40,557 shares of the company’s stock valued at $2,095,000 after purchasing an additional 11,110 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of First Trust Managed Municipal ETF by 4.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 29,259 shares of the company’s stock valued at $1,512,000 after purchasing an additional 1,332 shares during the period. Finally, Avestar Capital LLC increased its holdings in shares of First Trust Managed Municipal ETF by 17.7% during the fourth quarter. Avestar Capital LLC now owns 24,870 shares of the company’s stock valued at $1,285,000 after purchasing an additional 3,738 shares during the period.

First Trust Managed Municipal ETF Price Performance

NASDAQ:FMB traded down $0.01 during mid-day trading on Thursday, reaching $51.16. 150,818 shares of the stock were exchanged, compared to its average volume of 155,772. The business has a fifty day moving average price of $51.01 and a 200 day moving average price of $51.26. First Trust Managed Municipal ETF has a 1-year low of $48.08 and a 1-year high of $51.77.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 22nd were issued a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Tuesday, May 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.