Western Wealth Management LLC Has $2.70 Million Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Western Wealth Management LLC decreased its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 12.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 52,199 shares of the company’s stock after selling 7,495 shares during the period. Western Wealth Management LLC’s holdings in First Trust Managed Municipal ETF were worth $2,697,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FMB. BNP Paribas Arbitrage SA bought a new stake in First Trust Managed Municipal ETF in the 1st quarter valued at about $26,000. Independence Bank of Kentucky bought a new stake in First Trust Managed Municipal ETF in the 4th quarter valued at about $27,000. CENTRAL TRUST Co boosted its holdings in First Trust Managed Municipal ETF by 140.1% in the 3rd quarter. CENTRAL TRUST Co now owns 994 shares of the company’s stock valued at $49,000 after purchasing an additional 580 shares during the period. NBC Securities Inc. bought a new stake in First Trust Managed Municipal ETF in the 3rd quarter valued at about $73,000. Finally, Coppell Advisory Solutions LLC acquired a new position in shares of First Trust Managed Municipal ETF in the 2nd quarter valued at approximately $74,000.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ:FMB traded up $0.03 during midday trading on Friday, hitting $50.98. The stock had a trading volume of 21,051 shares, compared to its average volume of 162,579. The company’s 50-day moving average price is $51.33 and its 200-day moving average price is $50.66. First Trust Managed Municipal ETF has a fifty-two week low of $48.08 and a fifty-two week high of $51.77.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Thursday, March 21st.

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.