Arwa LLC Acquires New Holdings in First Trust Managed Municipal ETF $FMB

Arwa LLC bought a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,045 shares of the company’s stock, valued at approximately $667,000.

Several other institutional investors and hedge funds have also bought and sold shares of FMB. Stonehaven Wealth & Tax Solutions LLC grew its stake in First Trust Managed Municipal ETF by 4.3% in the 3rd quarter. Stonehaven Wealth & Tax Solutions LLC now owns 4,800 shares of the company’s stock worth $243,000 after buying an additional 200 shares in the last quarter. First Trust Advisors LP lifted its position in First Trust Managed Municipal ETF by 1.7% during the third quarter. First Trust Advisors LP now owns 13,099 shares of the company’s stock valued at $664,000 after buying an additional 220 shares during the period. Ameritas Investment Partners Inc. increased its position in First Trust Managed Municipal ETF by 3.0% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 9,207 shares of the company’s stock valued at $467,000 after buying an additional 264 shares in the last quarter. Baird Financial Group Inc. increased its stake in First Trust Managed Municipal ETF by 0.9% during the 2nd quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock valued at $1,544,000 after purchasing an additional 266 shares in the last quarter. Finally, Forum Private Client Group LLC raised its holdings in First Trust Managed Municipal ETF by 2.2% in the 4th quarter. Forum Private Client Group LLC now owns 12,387 shares of the company’s stock worth $633,000 after acquiring an additional 272 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB stock opened at $51.39 on Friday. The firm’s 50 day moving average is $51.13 and its 200 day moving average is $51.23. First Trust Managed Municipal ETF has a 12-month low of $49.28 and a 12-month high of $52.03.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were given a dividend of $0.156 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.