First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Purchased by WealthCare Investment Partners LLC

WealthCare Investment Partners LLC increased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 0.6% in the fourth quarter, Holdings Channel reports. The firm owned 48,816 shares of the company’s stock after acquiring an additional 274 shares during the period. First Trust Managed Municipal ETF accounts for 1.1% of WealthCare Investment Partners LLC’s investment portfolio, making the stock its 29th biggest position. WealthCare Investment Partners LLC’s holdings in First Trust Managed Municipal ETF were worth $2,495,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. grew its position in First Trust Managed Municipal ETF by 152.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after acquiring an additional 1,300 shares in the last quarter. Fifth Third Bancorp grew its position in First Trust Managed Municipal ETF by 177.8% in the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after acquiring an additional 1,778 shares in the last quarter. Dopkins Wealth Management LLC acquired a new stake in First Trust Managed Municipal ETF in the third quarter valued at approximately $201,000. TrueWealth Advisors LLC acquired a new stake in First Trust Managed Municipal ETF in the fourth quarter valued at approximately $207,000. Finally, James Investment Research Inc. acquired a new stake in First Trust Managed Municipal ETF in the third quarter valued at approximately $224,000.

First Trust Managed Municipal ETF Stock Up 0.3 %

Shares of NASDAQ:FMB opened at $51.18 on Thursday. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13. The company has a 50 day moving average of $51.01 and a two-hundred day moving average of $51.42.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a dividend of $0.14 per share. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Wednesday, January 22nd.

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.