Warren Street Wealth Advisors LLC Boosts Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Warren Street Wealth Advisors LLC grew its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 22.5% during the fourth quarter, Holdings Channel reports. The firm owned 16,414 shares of the company’s stock after acquiring an additional 3,010 shares during the period. Warren Street Wealth Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $837,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Sovran Advisors LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter worth $506,000. Hobart Private Capital LLC boosted its holdings in First Trust Managed Municipal ETF by 2.3% in the fourth quarter. Hobart Private Capital LLC now owns 18,740 shares of the company’s stock valued at $956,000 after purchasing an additional 427 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in First Trust Managed Municipal ETF in the fourth quarter valued at $3,560,000. Hedeker Wealth LLC grew its position in First Trust Managed Municipal ETF by 53.3% during the 4th quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock worth $2,717,000 after purchasing an additional 18,519 shares during the period. Finally, Etesian Wealth Advisors Inc. raised its stake in shares of First Trust Managed Municipal ETF by 14.1% during the 4th quarter. Etesian Wealth Advisors Inc. now owns 84,407 shares of the company’s stock valued at $4,306,000 after buying an additional 10,415 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB opened at $50.96 on Thursday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The stock’s 50-day moving average price is $51.10 and its 200-day moving average price is $51.44.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.