51,641 Shares in First Trust Managed Municipal ETF (NASDAQ:FMB) Bought by EdgeRock Capital LLC

EdgeRock Capital LLC purchased a new position in First Trust Managed Municipal ETF (NASDAQ:FMB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 51,641 shares of the company’s stock, valued at approximately $2,659,000. First Trust Managed Municipal ETF makes up approximately 1.9% of EdgeRock Capital LLC’s portfolio, making the stock its 10th biggest position. EdgeRock Capital LLC owned 0.14% of First Trust Managed Municipal ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Independence Bank of Kentucky purchased a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at about $27,000. CENTRAL TRUST Co lifted its stake in First Trust Managed Municipal ETF by 140.1% in the 3rd quarter. CENTRAL TRUST Co now owns 994 shares of the company’s stock worth $49,000 after purchasing an additional 580 shares in the last quarter. NBC Securities Inc. acquired a new position in First Trust Managed Municipal ETF during the third quarter worth $73,000. AdvisorNet Financial Inc grew its holdings in First Trust Managed Municipal ETF by 26.9% in the 4th quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock valued at $75,000 after buying an additional 307 shares in the last quarter. Finally, VitalStone Financial LLC increased its stake in shares of First Trust Managed Municipal ETF by 60.2% in the 3rd quarter. VitalStone Financial LLC now owns 2,787 shares of the company’s stock worth $137,000 after acquiring an additional 1,047 shares during the last quarter.

First Trust Managed Municipal ETF Stock Up 0.2 %

Shares of NASDAQ FMB traded up $0.11 during trading on Tuesday, hitting $51.21. 84,113 shares of the company were exchanged, compared to its average volume of 161,174. The company has a fifty day moving average price of $51.21 and a 200-day moving average price of $50.88. First Trust Managed Municipal ETF has a 12-month low of $48.08 and a 12-month high of $51.77.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th were given a $0.135 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $1.62 dividend on an annualized basis and a yield of 3.16%.

First Trust Managed Municipal ETF 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.