EdgeRock Capital LLC Has $2.16 Million Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

EdgeRock Capital LLC cut its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,285 shares of the company’s stock after selling 1,403 shares during the period. First Trust Managed Municipal ETF makes up 1.4% of EdgeRock Capital LLC’s holdings, making the stock its 17th largest position. EdgeRock Capital LLC owned approximately 0.11% of First Trust Managed Municipal ETF worth $2,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FMB. PFS Partners LLC raised its holdings in shares of First Trust Managed Municipal ETF by 2.1% in the third quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock valued at $530,000 after purchasing an additional 214 shares during the last quarter. Valmark Advisers Inc. grew its position in First Trust Managed Municipal ETF by 3.2% in the fourth quarter. Valmark Advisers Inc. now owns 8,386 shares of the company’s stock valued at $428,000 after purchasing an additional 257 shares in the last quarter. WealthCare Investment Partners LLC increased its stake in First Trust Managed Municipal ETF by 0.6% in the 4th quarter. WealthCare Investment Partners LLC now owns 48,816 shares of the company’s stock valued at $2,495,000 after buying an additional 274 shares during the last quarter. Westside Investment Management Inc. increased its stake in First Trust Managed Municipal ETF by 0.5% in the 3rd quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after buying an additional 343 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC lifted its position in First Trust Managed Municipal ETF by 3.5% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 10,064 shares of the company’s stock worth $513,000 after buying an additional 343 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $51.21 on Tuesday. The business has a 50-day moving average of $51.00 and a 200-day moving average of $51.41. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be given a dividend of $0.14 per share. The ex-dividend date is Friday, February 21st.

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.