SteelPeak Wealth LLC Buys 2,210 Shares of First Trust Managed Municipal ETF $FMB

SteelPeak Wealth LLC boosted its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,888 shares of the company’s stock after acquiring an additional 2,210 shares during the period. SteelPeak Wealth LLC’s holdings in First Trust Managed Municipal ETF were worth $2,685,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FMB. GAMMA Investing LLC grew 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 buying an additional 1,532 shares during the period. NBC Securities Inc. grew its position in First Trust Managed Municipal ETF by 119,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,382 shares of the company’s stock valued at $120,000 after purchasing an additional 2,380 shares during the last quarter. NewSquare Capital LLC grew its position in First Trust Managed Municipal ETF by 4.2% during the 1st quarter. NewSquare Capital LLC now owns 12,807 shares of the company’s stock valued at $646,000 after purchasing an additional 514 shares during the last quarter. Farther Finance Advisors LLC grew its position in First Trust Managed Municipal ETF by 58.9% during the 1st quarter. Farther Finance Advisors LLC now owns 11,520 shares of the company’s stock valued at $583,000 after purchasing an additional 4,270 shares during the last quarter. Finally, EdgeRock Capital LLC grew its position in First Trust Managed Municipal ETF by 42.8% during the 1st quarter. EdgeRock Capital LLC now owns 60,385 shares of the company’s stock valued at $3,045,000 after purchasing an additional 18,100 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of FMB stock opened at $50.80 on Wednesday. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $51.99. The company’s 50-day moving average is $50.19 and its 200 day moving average is $49.91.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a $0.146 dividend. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Thursday, September 25th.

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.