Weitzel Financial Services Inc. Boosts Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Weitzel Financial Services Inc. lifted its holdings in First Trust Managed Municipal ETF (NASDAQ:FMBFree Report) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,742 shares of the company’s stock after purchasing an additional 2,383 shares during the period. First Trust Managed Municipal ETF comprises about 1.2% of Weitzel Financial Services Inc.’s portfolio, making the stock its 17th largest holding. Weitzel Financial Services Inc. owned 0.13% of First Trust Managed Municipal ETF worth $2,497,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Foster & Motley Inc. increased its stake in First Trust Managed Municipal ETF by 0.8% during the 4th quarter. Foster & Motley Inc. now owns 39,322 shares of the company’s stock worth $2,032,000 after buying an additional 302 shares in the last quarter. AdvisorNet Financial Inc raised its stake in First Trust Managed Municipal ETF by 26.9% in the 4th quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock valued at $75,000 after purchasing an additional 307 shares during the last quarter. WealthCare Investment Partners LLC raised its stake in First Trust Managed Municipal ETF by 0.7% in the 4th quarter. WealthCare Investment Partners LLC now owns 48,104 shares of the company’s stock valued at $2,486,000 after purchasing an additional 327 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in First Trust Managed Municipal ETF by 8.3% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 4,693 shares of the company’s stock worth $242,000 after purchasing an additional 359 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in First Trust Managed Municipal ETF by 0.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 50,056 shares of the company’s stock worth $2,447,000 after purchasing an additional 380 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB traded down $0.02 during mid-day trading on Friday, reaching $51.32. The company’s stock had a trading volume of 101,142 shares, compared to its average volume of 156,431. The stock has a 50-day moving average of $50.99 and a two-hundred day moving average of $51.25. 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd were issued a $0.135 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $1.62 dividend on an annualized basis and a yield of 3.16%.

First Trust Managed Municipal ETF Profile

(Free Report)

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.

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

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