White Wing Wealth Management Takes Position in First Trust Managed Municipal ETF $FMB

White Wing Wealth Management acquired a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,909 shares of the company’s stock, valued at approximately $714,000. First Trust Managed Municipal ETF comprises approximately 0.4% of White Wing Wealth Management’s investment portfolio, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FMB. TrueWealth Financial Partners acquired a new stake in First Trust Managed Municipal ETF during the 4th quarter worth approximately $12,720,000. Bank of America Corp DE increased its holdings in shares of First Trust Managed Municipal ETF by 12.2% in the first quarter. Bank of America Corp DE now owns 2,046,794 shares of the company’s stock valued at $103,691,000 after purchasing an additional 221,955 shares during the period. Jane Street Group LLC raised its position in First Trust Managed Municipal ETF by 2,668.1% during the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock worth $9,557,000 after buying an additional 182,683 shares during the last quarter. LPL Financial LLC raised its holdings in First Trust Managed Municipal ETF by 8.5% during the fourth quarter. LPL Financial LLC now owns 2,308,525 shares of the company’s stock worth $118,046,000 after purchasing an additional 181,458 shares in the last quarter. Finally, Composition Wealth LLC lifted its position in First Trust Managed Municipal ETF by 8.7% in the fourth quarter. Composition Wealth LLC now owns 1,163,045 shares of the company’s stock valued at $59,472,000 after purchasing an additional 92,945 shares during the period.

First Trust Managed Municipal ETF Stock Up 0.3%

Shares of FMB opened at $50.61 on Friday. The stock’s 50 day moving average is $51.04 and its two-hundred day moving average is $51.18. First Trust Managed Municipal ETF has a twelve month low of $49.49 and a twelve month high of $52.03.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were paid a dividend of $0.157 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.