EdgeRock Capital LLC Has $3.32 Million Holdings in First Trust Managed Municipal ETF $FMB

EdgeRock Capital LLC boosted its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 10.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,717 shares of the company’s stock after buying an additional 6,332 shares during the period. First Trust Managed Municipal ETF comprises 1.1% of EdgeRock Capital LLC’s investment portfolio, making the stock its 20th largest holding. EdgeRock Capital LLC owned about 0.18% of First Trust Managed Municipal ETF worth $3,324,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its holdings in First Trust Managed Municipal ETF by 15.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 7,398 shares of the company’s stock worth $373,000 after buying an additional 1,000 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of First Trust Managed Municipal ETF by 7.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 24,163 shares of the company’s stock valued at $1,218,000 after purchasing an additional 1,772 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of First Trust Managed Municipal ETF by 8.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 38,703 shares of the company’s stock valued at $1,951,000 after purchasing an additional 2,925 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at about $289,000. Finally, NBC Securities Inc. increased its holdings in shares of First Trust Managed Municipal ETF by 119,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,382 shares of the company’s stock valued at $120,000 after purchasing an additional 2,380 shares during the period.

First Trust Managed Municipal ETF Trading Down 0.5%

Shares of FMB opened at $50.58 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.10. The business’s 50-day moving average is $49.98 and its 200-day moving average is $49.92.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th will be issued a $0.146 dividend. The ex-dividend date is Thursday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14.

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.