Frisch Financial Group Inc. Has $11.15 Million Holdings in First Trust Managed Municipal ETF $FMB

Frisch Financial Group Inc. decreased its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 25.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 220,140 shares of the company’s stock after selling 76,247 shares during the quarter. First Trust Managed Municipal ETF comprises 2.3% of Frisch Financial Group Inc.’s holdings, making the stock its 12th largest holding. Frisch Financial Group Inc. owned 0.56% of First Trust Managed Municipal ETF worth $11,152,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FMB. Friday Financial lifted its stake in shares of First Trust Managed Municipal ETF by 111.3% in the fourth quarter. Friday Financial now owns 31,429 shares of the company’s stock valued at $1,607,000 after buying an additional 16,555 shares in the last quarter. Foster & Motley Inc. increased its position in shares of First Trust Managed Municipal ETF by 33.4% during the fourth quarter. Foster & Motley Inc. now owns 108,922 shares of the company’s stock worth $5,570,000 after acquiring an additional 27,297 shares in the last quarter. Pursuit Wealth Management LLC bought a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth about $1,382,000. QP Wealth Management LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the 4th quarter worth about $728,000. Finally, Seascape Capital Management raised its holdings in shares of First Trust Managed Municipal ETF by 36.0% in the 4th quarter. Seascape Capital Management now owns 64,250 shares of the company’s stock worth $3,285,000 after acquiring an additional 17,000 shares during the last quarter.

First Trust Managed Municipal ETF Stock Down 0.1%

Shares of NASDAQ FMB opened at $51.06 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $49.28 and a fifty-two week high of $52.03. The firm’s 50-day simple moving average is $51.17 and its 200 day simple moving average is $51.27.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.157 per share. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.