Westside Investment Management Inc. Grows Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Westside Investment Management Inc. raised its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,442 shares of the company’s stock after acquiring an additional 343 shares during the quarter. Westside Investment Management Inc. owned approximately 0.16% of First Trust Managed Municipal ETF worth $3,294,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Fifth Third Bancorp purchased a new stake in First Trust Managed Municipal ETF in the 2nd quarter worth $51,000. WR Wealth Planners LLC purchased a new position in First Trust Managed Municipal ETF during the 2nd quarter valued at approximately $56,000. International Assets Investment Management LLC bought a new stake in First Trust Managed Municipal ETF in the 2nd quarter worth approximately $112,000. Christopher J. Hasenberg Inc purchased a new position in shares of First Trust Managed Municipal ETF in the third quarter valued at $166,000. Finally, Dopkins Wealth Management LLC purchased a new position in First Trust Managed Municipal ETF in the third quarter worth about $201,000.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $51.68 on Thursday. The business’s 50 day moving average price is $51.52 and its 200-day moving average price is $51.49. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were paid a dividend of $0.139 per share. The ex-dividend date was Thursday, November 21st.

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.