Philip James Wealth Mangement LLC Increases Stock Position in First Trust Managed Municipal ETF $FMB

Philip James Wealth Mangement LLC increased its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,134 shares of the company’s stock after buying an additional 716 shares during the period. Philip James Wealth Mangement LLC owned about 0.06% of First Trust Managed Municipal ETF worth $1,103,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Security Financial Services INC. boosted its position in shares of First Trust Managed Municipal ETF by 2.0% in the first quarter. Security Financial Services INC. now owns 11,137 shares of the company’s stock valued at $562,000 after acquiring an additional 223 shares during the period. Main Line Retirement Advisors LLC lifted its position in First Trust Managed Municipal ETF by 0.7% during the first quarter. Main Line Retirement Advisors LLC now owns 50,094 shares of the company’s stock valued at $2,526,000 after purchasing an additional 330 shares during the last quarter. McNamara Financial Services Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 7.1% in the 1st quarter. McNamara Financial Services Inc. now owns 5,371 shares of the company’s stock worth $271,000 after acquiring an additional 354 shares during the last quarter. Arkansas Financial Group Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 0.3% in the 2nd quarter. Arkansas Financial Group Inc. now owns 124,613 shares of the company’s stock worth $6,212,000 after acquiring an additional 362 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 18.7% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 2,552 shares of the company’s stock worth $127,000 after acquiring an additional 402 shares during the last quarter.

First Trust Managed Municipal ETF Stock Up 0.1%

Shares of NASDAQ FMB opened at $50.76 on Thursday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.07. The firm’s fifty day moving average is $50.08 and its 200 day moving average is $49.92.

First Trust Managed Municipal ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.146 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a dividend yield of 3.5%.

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.