First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Acquired by Hedeker Wealth LLC

Hedeker Wealth LLC increased its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 4.0% during the first quarter, Holdings Channel reports. The fund owned 33,042 shares of the company’s stock after purchasing an additional 1,280 shares during the quarter. Hedeker Wealth LLC’s holdings in First Trust Managed Municipal ETF were worth $1,697,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Wells Fargo & Company MN increased its stake in First Trust Managed Municipal ETF by 14.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,042,465 shares of the company’s stock valued at $105,523,000 after buying an additional 251,160 shares during the period. RFG Advisory LLC increased its stake in First Trust Managed Municipal ETF by 916.2% during the 4th 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 period. Miracle Mile Advisors LLC increased its stake in First Trust Managed Municipal ETF by 63.2% during the 4th quarter. Miracle Mile Advisors LLC now owns 444,237 shares of the company’s stock valued at $22,951,000 after buying an additional 171,963 shares during the period. Sequoia Financial Advisors LLC increased its stake in 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 valued at $46,675,000 after buying an additional 156,465 shares during the period. Finally, Vantage Financial Partners Ltd. Inc. acquired a new position in First Trust Managed Municipal ETF during the 4th quarter valued at about $7,348,000.

First Trust Managed Municipal ETF Stock Up 0.2 %

First Trust Managed Municipal ETF stock traded up $0.09 during trading hours on Wednesday, hitting $51.20. 12,121 shares of the company traded hands, compared to its average volume of 154,321. The firm’s 50-day simple moving average is $51.02 and its two-hundred day simple moving average is $51.26. First Trust Managed Municipal ETF has a 1-year low of $48.08 and a 1-year high of $51.77.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.137 per share. The ex-dividend date was Thursday, June 27th.

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.