QP Wealth Management LLC Purchases New Position in First Trust Managed Municipal ETF $FMB

QP Wealth Management LLC acquired a new position in First Trust Managed Municipal ETF (NASDAQ:FMB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,235 shares of the company’s stock, valued at approximately $728,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Total Investment Management Inc. bought a new position in shares of First Trust Managed Municipal ETF in the second quarter valued at approximately $27,000. Evolution Wealth Management Inc. bought a new stake in shares of First Trust Managed Municipal ETF in the 2nd quarter worth about $27,000. Ameriflex Group Inc. acquired a new stake in shares of First Trust Managed Municipal ETF during the third quarter worth approximately $40,000. Hazlett Burt & Watson Inc. acquired a new stake in First Trust Managed Municipal ETF during the 3rd quarter valued at $45,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at $51,000.

First Trust Managed Municipal ETF Price Performance

Shares of First Trust Managed Municipal ETF stock opened at $50.82 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $48.19 and a fifty-two week high of $52.03. The firm has a 50 day simple moving average of $51.53 and a 200 day simple moving average of $51.19.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were given a dividend of $0.155 per share. This represents a c) annualized dividend and a yield of 3.7%. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 20th.

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.