Gateway Wealth Partners LLC Purchases 48,145 Shares of First Trust Managed Municipal ETF $FMB

Gateway Wealth Partners LLC raised its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 97.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 97,524 shares of the company’s stock after purchasing an additional 48,145 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust Managed Municipal ETF were worth $4,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its holdings in shares of 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 worth $664,000 after buying an additional 220 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of First Trust Managed Municipal ETF by 0.9% in the second quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock valued at $1,544,000 after acquiring an additional 266 shares in the last quarter. Forum Private Client Group LLC grew its stake in shares of First Trust Managed Municipal ETF by 2.2% in the fourth quarter. Forum Private Client Group LLC now owns 12,387 shares of the company’s stock valued at $633,000 after acquiring an additional 272 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in First Trust Managed Municipal ETF by 1.4% during the second quarter. Great Valley Advisor Group Inc. now owns 19,317 shares of the company’s stock worth $962,000 after acquiring an additional 275 shares during the period. Finally, Farther Finance Advisors LLC increased its position in First Trust Managed Municipal ETF by 9.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,341 shares of the company’s stock worth $171,000 after acquiring an additional 289 shares during the period.

First Trust Managed Municipal ETF Trading Up 0.2%

Shares of First Trust Managed Municipal ETF stock opened at $50.39 on Tuesday. First Trust Managed Municipal ETF has a twelve month low of $49.30 and a twelve month high of $52.03. The company has a 50-day simple moving average of $51.11 and a two-hundred day simple moving average of $51.24.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be issued a dividend of $0.157 per share. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.