Blackhawk Capital Partners LLC Has $5.78 Million Stock Position in First Trust Managed Municipal ETF $FMB

Blackhawk Capital Partners LLC increased its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 53.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 114,133 shares of the company’s stock after purchasing an additional 39,581 shares during the period. First Trust Managed Municipal ETF makes up 2.1% of Blackhawk Capital Partners LLC’s holdings, making the stock its 12th biggest holding. Blackhawk Capital Partners LLC’s holdings in First Trust Managed Municipal ETF were worth $5,782,000 as of its most recent filing with the SEC.

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

First Trust Managed Municipal ETF Stock Down 0.1%

Shares of First Trust Managed Municipal ETF stock opened at $51.13 on Thursday. The company has a 50 day moving average of $51.17 and a 200-day moving average of $51.27. First Trust Managed Municipal ETF has a 1-year low of $49.28 and a 1-year high of $52.03.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.157 per share. The ex-dividend date was Thursday, June 25th. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16. This represents a c) annualized dividend and a yield of 3.7%.

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.