33,896 Shares in First Trust Managed Municipal ETF $FMB Bought by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC bought a new stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 33,896 shares of the company’s stock, valued at approximately $1,719,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FMB. UBS Group AG lifted its stake in First Trust Managed Municipal ETF by 1.2% in the 3rd quarter. UBS Group AG now owns 1,798,415 shares of the company’s stock worth $91,183,000 after purchasing an additional 20,689 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of First Trust Managed Municipal ETF by 2.9% during the second quarter. Raymond James Financial Inc. now owns 1,191,423 shares of the company’s stock valued at $59,357,000 after purchasing an additional 34,126 shares in the last quarter. Miracle Mile Advisors LLC grew its position in shares of First Trust Managed Municipal ETF by 50.3% during the third quarter. Miracle Mile Advisors LLC now owns 1,070,100 shares of the company’s stock valued at $54,256,000 after purchasing an additional 358,121 shares in the last quarter. Avantax Planning Partners Inc. increased its holdings in shares of First Trust Managed Municipal ETF by 7.6% in the third quarter. Avantax Planning Partners Inc. now owns 899,949 shares of the company’s stock worth $45,629,000 after purchasing an additional 63,619 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in shares of First Trust Managed Municipal ETF by 0.8% in the third quarter. OneDigital Investment Advisors LLC now owns 558,418 shares of the company’s stock worth $28,313,000 after purchasing an additional 4,499 shares during the last quarter.

First Trust Managed Municipal ETF Trading Up 0.2%

NASDAQ:FMB opened at $51.30 on Monday. The business’s 50-day moving average is $51.55 and its 200 day moving average is $51.16. First Trust Managed Municipal ETF has a 12 month low of $48.19 and a 12 month high of $52.03.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a dividend of $0.155 per share. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.