Golden State Wealth Management LLC Makes New Investment in First Trust Managed Municipal ETF (NASDAQ:FMB)

Golden State Wealth Management LLC bought a new stake in First Trust Managed Municipal ETF (NASDAQ:FMB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 69,785 shares of the company’s stock, valued at approximately $3,560,000.

Other large investors also recently made changes to their positions in the company. Atomi Financial Group Inc. acquired a new stake in First Trust Managed Municipal ETF during the fourth quarter worth approximately $249,000. Hedeker Wealth LLC lifted its position in shares of First Trust Managed Municipal ETF by 53.3% during the 4th quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock valued at $2,717,000 after acquiring an additional 18,519 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of First Trust Managed Municipal ETF by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after purchasing an additional 25,002 shares in the last quarter. Fifth Third Bancorp increased its position in shares of 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 worth $142,000 after purchasing an additional 1,778 shares during the period. Finally, Jane Street Group LLC acquired a new position in First Trust Managed Municipal ETF in the third quarter valued at about $1,555,000.

First Trust Managed Municipal ETF Price Performance

FMB stock opened at $51.31 on Friday. The company’s 50-day moving average price is $51.14 and its two-hundred day moving average price is $51.44. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

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

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.