Wealth Enhancement Advisory Services LLC Has $1.06 Million Stock Holdings in First Trust Managed Municipal ETF $FMB

Wealth Enhancement Advisory Services LLC cut its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 11.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,296 shares of the company’s stock after selling 2,867 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of First Trust Managed Municipal ETF worth $1,062,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Flaharty Asset Management LLC acquired a new position in shares of First Trust Managed Municipal ETF in the 1st quarter worth approximately $58,000. IMG Wealth Management Inc. acquired a new position in shares of First Trust Managed Municipal ETF in the 1st quarter worth approximately $65,000. GAMMA Investing LLC lifted its position in shares of First Trust Managed Municipal ETF by 4,941.9% in the 1st quarter. GAMMA Investing LLC now owns 1,563 shares of the company’s stock worth $79,000 after purchasing an additional 1,532 shares during the period. Hanson & Doremus Investment Management acquired a new position in shares of First Trust Managed Municipal ETF in the 1st quarter worth approximately $113,000. Finally, NBC Securities Inc. lifted its position in shares of First Trust Managed Municipal ETF by 119,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,382 shares of the company’s stock worth $120,000 after purchasing an additional 2,380 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $50.76 on Thursday. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.07. The company’s 50 day moving average price is $50.08 and its 200-day moving average price is $49.92.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $0.146 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Thursday, September 25th. This is a boost 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.