Blackhawk Capital Partners LLC Buys 39,581 Shares of First Trust Managed Municipal ETF $FMB

Blackhawk Capital Partners LLC grew its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 53.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,133 shares of the company’s stock after purchasing an additional 39,581 shares during the quarter. First Trust Managed Municipal ETF comprises about 2.1% of Blackhawk Capital Partners LLC’s portfolio, making the stock its 12th biggest holding. Blackhawk Capital Partners LLC owned about 0.29% of First Trust Managed Municipal ETF worth $5,782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FMB. Geneos Wealth Management Inc. lifted its position in shares of First Trust Managed Municipal ETF by 6.4% in the first quarter. Geneos Wealth Management Inc. now owns 13,846 shares of the company’s stock valued at $701,000 after buying an additional 834 shares during the last quarter. Fifth Third Bancorp lifted its holdings in First Trust Managed Municipal ETF by 3,413.5% during the 1st quarter. Fifth Third Bancorp now owns 86,924 shares of the company’s stock valued at $4,404,000 after purchasing an additional 84,450 shares during the last quarter. Sovran Advisors LLC lifted its holdings in First Trust Managed Municipal ETF by 9.1% during the 1st quarter. Sovran Advisors LLC now owns 9,340 shares of the company’s stock valued at $477,000 after purchasing an additional 780 shares during the last quarter. Kestra Advisory Services LLC boosted its position in First Trust Managed Municipal ETF by 5.0% during the first quarter. Kestra Advisory Services LLC now owns 151,964 shares of the company’s stock worth $7,698,000 after purchasing an additional 7,279 shares during the period. Finally, Advance Capital Management Inc. boosted its position in First Trust Managed Municipal ETF by 27.7% during the first quarter. Advance Capital Management Inc. now owns 82,571 shares of the company’s stock worth $4,183,000 after purchasing an additional 17,895 shares during the period.

First Trust Managed Municipal ETF Price Performance

Shares of FMB opened at $51.13 on Thursday. The company’s 50-day moving average is $51.17 and its 200-day moving average is $51.27. First Trust Managed Municipal ETF has a fifty-two week low of $49.28 and a fifty-two week high of $52.03.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.157 dividend. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16. The ex-dividend date was Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 3.7%.

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.