Total Clarity Wealth Management Inc. Invests $443,000 in First Trust Managed Municipal ETF $FMB

Total Clarity Wealth Management Inc. bought a new stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the 2nd quarter, Holdings Channel.com reports. The firm bought 8,902 shares of the company’s stock, valued at approximately $443,000.

Several other institutional investors also recently bought and sold shares of FMB. Flaharty Asset Management LLC purchased a new stake in First Trust Managed Municipal ETF during the 1st quarter valued at about $58,000. IMG Wealth Management Inc. purchased a new stake in First Trust Managed Municipal ETF during the 1st quarter valued at about $65,000. GAMMA Investing LLC boosted its holdings in First Trust Managed Municipal ETF by 4,941.9% during the 1st quarter. GAMMA Investing LLC now owns 1,563 shares of the company’s stock valued at $79,000 after acquiring an additional 1,532 shares during the period. Hanson & Doremus Investment Management purchased a new stake in First Trust Managed Municipal ETF during the 1st quarter valued at about $113,000. Finally, Pinnacle Bancorp Inc. boosted its holdings in First Trust Managed Municipal ETF by 18.7% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 2,552 shares of the company’s stock valued at $127,000 after acquiring an additional 402 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB stock opened at $51.06 on Tuesday. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $51.99. The business has a 50-day moving average of $50.30 and a 200 day moving average of $49.92.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a dividend of $0.146 per share. The ex-dividend date was Thursday, September 25th. This represents a c) annualized dividend and a yield of 3.4%. This is a boost from First Trust Managed Municipal ETF’s previous monthly 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.