RMR Wealth Builders Increases Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

RMR Wealth Builders boosted its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 26.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 194,086 shares of the company’s stock after acquiring an additional 40,010 shares during the quarter. First Trust Managed Municipal ETF comprises about 1.4% of RMR Wealth Builders’ portfolio, making the stock its 15th largest holding. RMR Wealth Builders’ holdings in First Trust Managed Municipal ETF were worth $10,027,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EdgeRock Capital LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter valued at approximately $2,659,000. Private Advisor Group LLC grew its holdings in shares of First Trust Managed Municipal ETF by 12.9% during the fourth quarter. Private Advisor Group LLC now owns 160,775 shares of the company’s stock valued at $8,306,000 after buying an additional 18,376 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of First Trust Managed Municipal ETF by 2.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 17,616 shares of the company’s stock valued at $910,000 after buying an additional 427 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of First Trust Managed Municipal ETF by 29.3% during the fourth quarter. First Horizon Advisors Inc. now owns 109,972 shares of the company’s stock valued at $5,682,000 after buying an additional 24,890 shares during the last quarter. Finally, MONECO Advisors LLC grew its holdings in shares of First Trust Managed Municipal ETF by 8.2% during the fourth quarter. MONECO Advisors LLC now owns 17,500 shares of the company’s stock valued at $904,000 after buying an additional 1,326 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of First Trust Managed Municipal ETF stock opened at $51.23 on Thursday. The company’s 50 day moving average is $51.20 and its 200 day moving average is $50.89. First Trust Managed Municipal ETF has a twelve month low of $48.08 and a twelve month high of $51.77.

First Trust Managed Municipal ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $1.62 dividend on an annualized basis and a yield of 3.16%.

First Trust Managed Municipal ETF 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.