Lionshead Wealth Management LLC Invests $260,000 in First Trust Managed Municipal ETF (NASDAQ:FMB)

Lionshead Wealth Management LLC acquired a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,098 shares of the company’s stock, valued at approximately $260,000.

A number of other large investors have also modified their holdings of FMB. Miracle Mile Advisors LLC raised its holdings in First Trust Managed Municipal ETF by 5.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock valued at $32,128,000 after acquiring an additional 29,957 shares in the last quarter. Sentinel Pension Advisors Inc. increased its position in shares of First Trust Managed Municipal ETF by 27.2% in the 4th quarter. Sentinel Pension Advisors Inc. now owns 50,146 shares of the company’s stock valued at $2,558,000 after purchasing an additional 10,737 shares during the last quarter. Christopher J. Hasenberg Inc increased its position in shares of First Trust Managed Municipal ETF by 51.8% in the 4th quarter. Christopher J. Hasenberg Inc now owns 4,877 shares of the company’s stock valued at $249,000 after purchasing an additional 1,664 shares during the last quarter. Pinnacle Bancorp Inc. grew its stake in shares of First Trust Managed Municipal ETF by 152.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after purchasing an additional 1,300 shares in the last quarter. Finally, ERn Financial LLC grew its stake in shares of First Trust Managed Municipal ETF by 4.9% during the fourth quarter. ERn Financial LLC now owns 278,866 shares of the company’s stock worth $14,225,000 after purchasing an additional 12,923 shares in the last quarter.

First Trust Managed Municipal ETF Stock Down 0.0%

Shares of NASDAQ FMB opened at $49.79 on Monday. The business has a 50-day moving average of $50.16 and a two-hundred day moving average of $50.84. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd were given a dividend of $0.141 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Tuesday, April 22nd. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14.

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.