4,368 Shares in First Trust Managed Municipal ETF (NASDAQ:FMB) Acquired by Iams Wealth Management LLC

Iams Wealth Management LLC purchased a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the first quarter, Holdings Channel reports. The fund purchased 4,368 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also bought and sold shares of FMB. Private Trust Co. NA grew its holdings in First Trust Managed Municipal ETF by 1.0% during the fourth quarter. Private Trust Co. NA now owns 20,210 shares of the company’s stock worth $1,031,000 after acquiring an additional 200 shares during the period. Valmark Advisers Inc. boosted its position in First Trust Managed Municipal ETF by 3.2% in the 4th quarter. Valmark Advisers Inc. now owns 8,386 shares of the company’s stock worth $428,000 after purchasing an additional 257 shares in the last quarter. WealthCare Investment Partners LLC grew its stake in shares of First Trust Managed Municipal ETF by 0.6% during the 4th quarter. WealthCare Investment Partners LLC now owns 48,816 shares of the company’s stock worth $2,495,000 after purchasing an additional 274 shares during the period. Summit Investment Advisors Inc. boosted its holdings in First Trust Managed Municipal ETF by 3.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,640 shares of the company’s stock worth $492,000 after buying an additional 341 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC boosted its holdings in First Trust Managed Municipal ETF by 3.5% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 10,064 shares of the company’s stock worth $513,000 after buying an additional 343 shares in the last quarter.

First Trust Managed Municipal ETF Stock Up 0.3%

FMB opened at $49.71 on Thursday. The company has a fifty day moving average of $49.74 and a two-hundred day moving average of $50.66. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.142 per share. The ex-dividend date was Wednesday, May 21st. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.43%.

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.