Hilton Head Capital Partners LLC Buys Shares of 13,203 First Trust Managed Municipal ETF $FMB

Hilton Head Capital Partners LLC bought a new stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 13,203 shares of the company’s stock, valued at approximately $675,000.

A number of other large investors have also recently bought and sold shares of the stock. Etesian Wealth Advisors Inc. grew its holdings in First Trust Managed Municipal ETF by 2.4% during the 4th quarter. Etesian Wealth Advisors Inc. now owns 83,274 shares of the company’s stock valued at $4,258,000 after buying an additional 1,932 shares during the last quarter. Clarity Capital Advisors LLC acquired a new stake in First Trust Managed Municipal ETF during the 4th quarter valued at $204,000. Verus Capital Partners LLC grew its holdings in First Trust Managed Municipal ETF by 4.2% during the 4th quarter. Verus Capital Partners LLC now owns 31,136 shares of the company’s stock valued at $1,592,000 after buying an additional 1,262 shares during the last quarter. ShoreHaven Wealth Partners LLC grew its holdings in First Trust Managed Municipal ETF by 4.7% during the 4th quarter. ShoreHaven Wealth Partners LLC now owns 7,582 shares of the company’s stock valued at $388,000 after buying an additional 342 shares during the last quarter. Finally, WCG Wealth Advisors LLC grew its holdings in First Trust Managed Municipal ETF by 43.0% during the 4th quarter. WCG Wealth Advisors LLC now owns 15,766 shares of the company’s stock valued at $806,000 after buying an additional 4,741 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ:FMB opened at $51.25 on Monday. The business’s fifty day moving average price is $51.02 and its two-hundred day moving average price is $51.23. First Trust Managed Municipal ETF has a one year low of $49.28 and a one year high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.156 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, May 21st.

About First Trust Managed Municipal ETF

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.