Hedeker Wealth LLC Has $1.13 Million Stake in First Trust Managed Municipal ETF $FMB

Hedeker Wealth LLC decreased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 36.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,113 shares of the company’s stock after selling 12,605 shares during the quarter. Hedeker Wealth LLC owned 0.06% of First Trust Managed Municipal ETF worth $1,131,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. raised its position in First Trust Managed Municipal ETF by 247.3% in the fourth quarter. DHJJ Financial Advisors Ltd. now owns 2,883 shares of the company’s stock valued at $147,000 after purchasing an additional 2,053 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in First Trust Managed Municipal ETF by 21.8% in the fourth quarter. Pinnacle Bancorp Inc. now owns 3,352 shares of the company’s stock valued at $171,000 after purchasing an additional 600 shares during the last quarter. Seascape Capital Management raised its position in First Trust Managed Municipal ETF by 36.0% in the fourth quarter. Seascape Capital Management now owns 64,250 shares of the company’s stock valued at $3,285,000 after purchasing an additional 17,000 shares during the last quarter. Stock Yards Bank & Trust Co. raised its position in First Trust Managed Municipal ETF by 13.0% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 25,575 shares of the company’s stock valued at $1,308,000 after purchasing an additional 2,937 shares during the last quarter. Finally, Main Line Retirement Advisors LLC raised its position in First Trust Managed Municipal ETF by 13.2% in the fourth quarter. Main Line Retirement Advisors LLC now owns 58,735 shares of the company’s stock valued at $3,034,000 after purchasing an additional 6,861 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

First Trust Managed Municipal ETF stock opened at $51.16 on Monday. First Trust Managed Municipal ETF has a 12 month low of $48.63 and a 12 month high of $52.03. The stock has a 50-day moving average price of $51.37 and a two-hundred day moving average price of $51.23.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.155 dividend. The ex-dividend date was Thursday, March 26th. This represents a c) annualized dividend and a yield of 3.6%.

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.