Cooksen Wealth LLC Acquires 1,600 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Cooksen Wealth LLC lifted its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 33.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,334 shares of the company’s stock after acquiring an additional 1,600 shares during the period. Cooksen Wealth LLC’s holdings in First Trust Managed Municipal ETF were worth $325,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of First Trust Managed Municipal ETF by 14.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,042,465 shares of the company’s stock worth $105,523,000 after acquiring an additional 251,160 shares during the last quarter. RFG Advisory LLC grew its stake in shares of First Trust Managed Municipal ETF by 916.2% during the fourth quarter. RFG Advisory LLC now owns 194,688 shares of the company’s stock valued at $10,058,000 after buying an additional 175,530 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in shares of First Trust Managed Municipal ETF by 63.2% in the fourth quarter. Miracle Mile Advisors LLC now owns 444,237 shares of the company’s stock worth $22,951,000 after buying an additional 171,963 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of First Trust Managed Municipal ETF by 20.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 903,423 shares of the company’s stock worth $46,675,000 after acquiring an additional 156,465 shares during the last quarter. Finally, Vantage Financial Partners Ltd. Inc. bought a new position in First Trust Managed Municipal ETF in the 4th quarter valued at $7,348,000.

First Trust Managed Municipal ETF Trading Down 0.4 %

FMB stock traded down $0.18 during trading on Wednesday, hitting $51.16. The company had a trading volume of 94,056 shares, compared to its average volume of 155,660. First Trust Managed Municipal ETF has a 52-week low of $48.08 and a 52-week high of $51.77. The company has a 50 day simple moving average of $51.01 and a 200-day simple moving average of $51.26.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 22nd were given a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Tuesday, May 21st.

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.