Landmark Wealth Management LLC Raises Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Landmark Wealth Management LLC raised its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 4.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 68,638 shares of the company’s stock after purchasing an additional 2,633 shares during the period. First Trust Managed Municipal ETF makes up 1.6% of Landmark Wealth Management LLC’s holdings, making the stock its 21st biggest holding. Landmark Wealth Management LLC’s holdings in First Trust Managed Municipal ETF were worth $3,501,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Pinnacle Bancorp Inc. boosted its holdings in First Trust Managed Municipal ETF by 152.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after acquiring an additional 1,300 shares during the period. Fifth Third Bancorp lifted its position in shares of First Trust Managed Municipal ETF by 177.8% during the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after purchasing an additional 1,778 shares in the last quarter. Christopher J. Hasenberg Inc purchased a new position in shares of First Trust Managed Municipal ETF in the third quarter valued at approximately $166,000. Dopkins Wealth Management LLC acquired a new position in shares of First Trust Managed Municipal ETF in the third quarter valued at approximately $201,000. Finally, TrueWealth Advisors LLC purchased a new stake in First Trust Managed Municipal ETF during the 4th quarter worth approximately $207,000.

First Trust Managed Municipal ETF Price Performance

Shares of FMB stock opened at $51.06 on Tuesday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The firm has a 50 day moving average of $51.20 and a two-hundred day moving average of $51.46.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $0.14 per share. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend is Wednesday, January 22nd.

About First Trust Managed Municipal ETF

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.