First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Purchased by WealthCare Investment Partners LLC

WealthCare Investment Partners LLC raised its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 35.1% in the second quarter, Holdings Channel.com reports. The firm owned 47,166 shares of the company’s stock after buying an additional 12,242 shares during the period. First Trust Managed Municipal ETF comprises 1.4% of WealthCare Investment Partners LLC’s portfolio, making the stock its 19th largest holding. WealthCare Investment Partners LLC’s holdings in First Trust Managed Municipal ETF were worth $2,390,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. UBS Group AG lifted its holdings in First Trust Managed Municipal ETF by 15.3% during the 1st quarter. UBS Group AG now owns 2,101,471 shares of the company’s stock worth $111,504,000 after buying an additional 279,580 shares during the last quarter. LPL Financial LLC lifted its holdings in First Trust Managed Municipal ETF by 0.9% during the 1st quarter. LPL Financial LLC now owns 1,987,925 shares of the company’s stock worth $101,256,000 after buying an additional 17,507 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in First Trust Managed Municipal ETF by 15.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,676,331 shares of the company’s stock worth $84,001,000 after buying an additional 227,513 shares during the last quarter. Bank of America Corp DE lifted its holdings in First Trust Managed Municipal ETF by 4.9% during the 1st quarter. Bank of America Corp DE now owns 1,616,300 shares of the company’s stock worth $82,327,000 after buying an additional 75,075 shares during the last quarter. Finally, Congress Wealth Management LLC DE lifted its holdings in First Trust Managed Municipal ETF by 2.4% during the 1st quarter. Congress Wealth Management LLC DE now owns 1,005,754 shares of the company’s stock worth $51,229,000 after buying an additional 23,565 shares during the last quarter.

First Trust Managed Municipal ETF Trading Down 0.1 %

NASDAQ:FMB traded down $0.05 during trading hours on Tuesday, reaching $49.96. 200,920 shares of the stock were exchanged, compared to its average volume of 193,805. The firm has a 50 day simple moving average of $50.33 and a 200-day simple moving average of $50.55. First Trust Managed Municipal ETF has a 52 week low of $48.07 and a 52 week high of $51.63.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, August 31st. Investors of record on Wednesday, August 23rd were issued a $0.1275 dividend. This represents a $1.53 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Tuesday, August 22nd.

About First Trust Managed Municipal ETF

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.