Hedeker Wealth LLC Purchases 18,519 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Hedeker Wealth LLC lifted its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 53.3% during the 4th quarter, HoldingsChannel reports. The firm owned 53,262 shares of the company’s stock after buying an additional 18,519 shares during the period. Hedeker Wealth LLC’s holdings in First Trust Managed Municipal ETF were worth $2,717,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Patten Group Inc. grew its position in First Trust Managed Municipal ETF by 47.7% in the third quarter. Patten Group Inc. now owns 15,683 shares of the company’s stock worth $815,000 after acquiring an additional 5,062 shares in the last quarter. Christopher J. Hasenberg Inc purchased a new position in First Trust Managed Municipal ETF in the third quarter worth $166,000. ORBA Wealth Advisors L.L.C. purchased a new position in First Trust Managed Municipal ETF in the third quarter worth $650,000. Magnus Financial Group LLC grew its position in First Trust Managed Municipal ETF by 2.3% in the third quarter. Magnus Financial Group LLC now owns 101,700 shares of the company’s stock worth $5,284,000 after acquiring an additional 2,247 shares in the last quarter. Finally, Prospect Financial Services LLC grew its position in First Trust Managed Municipal ETF by 23.0% in the third quarter. Prospect Financial Services LLC now owns 5,195 shares of the company’s stock worth $270,000 after acquiring an additional 970 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

NASDAQ FMB opened at $51.31 on Friday. The company has a 50-day simple moving average of $51.14 and a two-hundred day simple moving average of $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 declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a dividend of $0.14 per share. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Wednesday, January 22nd.

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.