248,749 Shares in First Trust Managed Municipal ETF $FMB Acquired by TrueWealth Financial Partners

TrueWealth Financial Partners bought a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 248,749 shares of the company’s stock, valued at approximately $12,720,000. First Trust Managed Municipal ETF makes up 10.5% of TrueWealth Financial Partners’ investment portfolio, making the stock its 2nd biggest holding. TrueWealth Financial Partners owned 0.66% of First Trust Managed Municipal ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of FMB. Jane Street Group LLC increased its stake in First Trust Managed Municipal ETF by 2,668.1% during the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock worth $9,557,000 after purchasing an additional 182,683 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of First Trust Managed Municipal ETF by 0.9% during the 2nd quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock worth $1,544,000 after acquiring an additional 266 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $125,000. Main Street Financial Solutions LLC bought a new position in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $805,000. Finally, Raymond James Financial Inc. grew its stake in shares of First Trust Managed Municipal ETF by 2.9% during the 2nd quarter. Raymond James Financial Inc. now owns 1,191,423 shares of the company’s stock worth $59,357,000 after acquiring an additional 34,126 shares in the last quarter.

First Trust Managed Municipal ETF Stock Down 0.1%

Shares of FMB opened at $51.06 on Thursday. First Trust Managed Municipal ETF has a twelve month low of $49.28 and a twelve month high of $52.03. The company has a 50 day moving average of $51.12 and a 200-day moving average of $51.26.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were paid a dividend of $0.156 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, April 21st.

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.