EdgeRock Capital LLC Has $3.05 Million Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

EdgeRock Capital LLC boosted its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 42.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 60,385 shares of the company’s stock after purchasing an additional 18,100 shares during the quarter. First Trust Managed Municipal ETF accounts for about 2.2% of EdgeRock Capital LLC’s holdings, making the stock its 12th biggest position. EdgeRock Capital LLC’s holdings in First Trust Managed Municipal ETF were worth $3,045,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tucker Asset Management LLC grew its stake in First Trust Managed Municipal ETF by 933.3% during the 4th quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock valued at $30,000 after acquiring an additional 532 shares in the last quarter. GAMMA Investing LLC grew its stake in First Trust Managed Municipal ETF by 4,941.9% during the 1st quarter. GAMMA Investing LLC now owns 1,563 shares of the company’s stock valued at $79,000 after acquiring an additional 1,532 shares in the last quarter. Duncker Streett & Co. Inc. purchased a new position in First Trust Managed Municipal ETF during the 4th quarter valued at about $108,000. NBC Securities Inc. grew its stake in First Trust Managed Municipal ETF by 119,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,382 shares of the company’s stock valued at $120,000 after acquiring an additional 2,380 shares in the last quarter. Finally, Triumph Capital Management purchased a new position in First Trust Managed Municipal ETF during the 4th quarter valued at about $214,000.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB opened at $49.65 on Wednesday. The business has a 50 day simple moving average of $49.67 and a 200 day simple moving average of $50.60. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st were paid a $0.142 dividend. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. The ex-dividend date was Wednesday, May 21st. This represents a $1.70 annualized dividend and a dividend yield of 3.43%.

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.