WealthCare Investment Partners LLC Grows Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

WealthCare Investment Partners LLC raised its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,816 shares of the company’s stock after purchasing an additional 274 shares during the period. First Trust Managed Municipal ETF comprises about 1.1% of WealthCare Investment Partners LLC’s investment portfolio, making the stock its 29th largest position. WealthCare Investment Partners LLC owned about 0.12% of First Trust Managed Municipal ETF worth $2,495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FMB. Legacy Solutions LLC purchased a new position in shares of First Trust Managed Municipal ETF during the 4th quarter worth about $1,317,000. Traction Financial Partners LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 11.2% during the 4th quarter. Traction Financial Partners LLC now owns 29,452 shares of the company’s stock worth $1,502,000 after acquiring an additional 2,966 shares during the period. Truist Financial Corp lifted its holdings in shares of First Trust Managed Municipal ETF by 2.1% during the 4th quarter. Truist Financial Corp now owns 319,710 shares of the company’s stock worth $16,308,000 after acquiring an additional 6,564 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 3.1% during the 4th quarter. Sanctuary Advisors LLC now owns 79,286 shares of the company’s stock worth $4,052,000 after acquiring an additional 2,368 shares during the period. Finally, Philip James Wealth Mangement LLC purchased a new position in shares of First Trust Managed Municipal ETF during the 4th quarter worth about $554,000.

First Trust Managed Municipal ETF Trading Up 0.3 %

Shares of FMB stock opened at $51.18 on Thursday. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13. The firm’s 50-day simple moving average is $51.01 and its 200-day simple moving average is $51.42.

First Trust Managed Municipal ETF Increases Dividend

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

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.