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EPG Wealth Management LLC increased its equity position in First Trust Managed Municipal ETF (NASDAQ:FMB – Get Rating) by 142.6% in the third quarter, according to its latest filings with the Securities and Exchange Commission (SEC). The company owned 18,420 shares of the company after acquiring an additional 10,827 shares during the quarter. EPG Wealth Management LLC’s First Trust Managed Municipal ETF holdings were valued at $897,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares in FMB. Bernardo Wealth Planning LLC raised his stake in the First Trust Managed Municipal ETF by 0.8% in the third quarter. Bernard Wells Planning LLC now owns 31,618 shares of the company worth $1,535,000 after purchasing an additional 246 of his shares during this period. Occidental Asset Management LLC increased its stake in First Trust Managed Municipal ETF by 1.9% in the third quarter. Occidental Asset Management LLC now owns 17,109 shares of the company stock valued at $834,000 after purchasing an additional 321 shares during this period. Miracle Mile Advisors LLC increased its stake in First Trust Managed Municipal ETF by 2.3% in the third quarter. After purchasing an additional 354 shares during this period, Miracle Mile Advisors LLC now owns 15,976 shares of the company stock valued at $778,000. Geneos Wealth Management Inc. increased its equity stake in First Trust Managed Municipal ETF by 3.7% in the first quarter. Geneos Wealth Management Inc. now owns 10,633 shares of the company stock valued at $564,000 after purchasing an additional 375 shares during the period. Finally, Atlas Private Wealth Management increased its First Trust Managed Municipal ETF shares by 0.4% in Q3. Atlas Private Wealth Management now owns 90,884 shares of the company, valued at $4,428,000, after purchasing an additional 379 shares during this period.
First Trust Managed Municipal Government ETF Stock Performance
FMB shares rose $0.20 in midday trading on Friday to reach $50.57. The company’s trading volume was his 35,077 shares, and his average trading volume was 274,556 shares. The company has a 50-day simple moving average of $50.85 and a 200-day simple moving average of $50.12. His one year low for the First Trust Managed Municipal ETF is $48.07 and his one year high is $54.21.
Municipal ETF managed by First Trust increases dividend
The business also recently disclosed a monthly dividend paid on Tuesday, February 28. Shareholders of record on Thursday, February 23rd were paid a dividend of $0.128. This represents his $1.54 dividend and his 3.04% dividend yield on an annualized basis. The ex-dividend date was Wednesday, February 22nd. This is an increase from the First Trust Managed Municipal ETF’s previous monthly dividend of $0.13.
First Trust Managed Municipal ETF Profile
(get rating)
First Trust Managed Municipal ETF (FMB) is an exchange traded fund that invests primarily in investment grade bonds. The fund is an actively managed fund that invests primarily in investment grade municipal bonds and also includes high yield exposure. FMB was launched on May 13, 2014 and is managed by First Trust.
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