Uniting Wealth Partners LLC Invests $2.73 Million in First Trust Managed Municipal ETF $FMB

Uniting Wealth Partners LLC acquired a new stake in First Trust Managed Municipal ETF (NASDAQ:FMB) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 53,911 shares of the company’s stock, valued at approximately $2,733,000. Uniting Wealth Partners LLC owned approximately 0.14% of First Trust Managed Municipal ETF as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC boosted its stake in shares of First Trust Managed Municipal ETF by 2,668.1% in the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock valued at $9,557,000 after purchasing an additional 182,683 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in First Trust Managed Municipal ETF by 8.5% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 14,382 shares of the company’s stock valued at $717,000 after purchasing an additional 1,128 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in First Trust Managed Municipal ETF by 5.1% in the second quarter. Stratos Wealth Partners LTD. now owns 32,259 shares of the company’s stock valued at $1,607,000 after buying an additional 1,572 shares in the last quarter. ShoreHaven Wealth Partners LLC grew its stake in shares of First Trust Managed Municipal ETF by 8.3% during the second quarter. ShoreHaven Wealth Partners LLC now owns 6,418 shares of the company’s stock worth $320,000 after buying an additional 491 shares during the last quarter. Finally, Foster & Motley Inc. increased its holdings in shares of First Trust Managed Municipal ETF by 35.0% during the second quarter. Foster & Motley Inc. now owns 57,611 shares of the company’s stock worth $2,870,000 after buying an additional 14,948 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $51.83 on Friday. First Trust Managed Municipal ETF has a twelve month low of $48.19 and a twelve month high of $51.88. The business’s fifty day moving average is $51.30 and its 200 day moving average is $50.88.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were issued a dividend of $0.154 per share. This represents a c) annualized dividend and a dividend yield of 3.6%. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15. The ex-dividend date was Wednesday, January 21st.

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.