TrueWealth Advisors LLC Invests $207,000 in First Trust Managed Municipal ETF (NASDAQ:FMB)

TrueWealth Advisors LLC purchased a new stake in First Trust Managed Municipal ETF (NASDAQ:FMB) in the fourth quarter, Holdings Channel reports. The firm purchased 4,052 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FMB. Pinnacle Bancorp Inc. boosted its holdings in First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after purchasing an additional 1,300 shares during the last quarter. Christopher J. Hasenberg Inc purchased a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter valued at approximately $166,000. Dopkins Wealth Management LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter valued at approximately $201,000. James Investment Research Inc. acquired a new position in First Trust Managed Municipal ETF in the third quarter valued at approximately $224,000. Finally, Prospect Financial Services LLC grew its position in First Trust Managed Municipal ETF by 23.0% in the third quarter. Prospect Financial Services LLC now owns 5,195 shares of the company’s stock worth $270,000 after acquiring an additional 970 shares during the period.

First Trust Managed Municipal ETF Stock Performance

NASDAQ:FMB opened at $50.89 on Friday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The stock’s fifty day moving average is $51.25 and its two-hundred day moving average is $51.47.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.139 dividend. The ex-dividend date was Friday, December 13th.

First Trust Managed Municipal ETF 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.