First Trust Managed Municipal ETF $FMB Shares Newly Bought by Schwallier Wealth Management LLC

Schwallier Wealth Management LLC acquired a new stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,915 shares of the company’s stock, valued at approximately $762,000.

Other large investors also recently added to or reduced their stakes in the company. Continuum Advisory LLC bought a new position in First Trust Managed Municipal ETF in the 2nd quarter worth about $29,000. Frazier Financial Advisors LLC purchased a new position in shares of First Trust Managed Municipal ETF during the first quarter worth approximately $31,000. PFS Partners LLC raised its stake in shares of First Trust Managed Municipal ETF by 279.6% during the third quarter. PFS Partners LLC now owns 706 shares of the company’s stock valued at $34,000 after acquiring an additional 520 shares in the last quarter. Jacobi Capital Management LLC bought a new stake in shares of First Trust Managed Municipal ETF during the third quarter valued at approximately $53,000. Finally, Legacy Wealth Managment LLC ID raised its stake in shares of First Trust Managed Municipal ETF by 339.0% during the first quarter. Legacy Wealth Managment LLC ID now owns 1,374 shares of the company’s stock valued at $70,000 after acquiring an additional 1,061 shares in the last quarter.

First Trust Managed Municipal ETF Trading Up 0.2%

Shares of NASDAQ FMB opened at $49.95 on Thursday. First Trust Managed Municipal ETF has a 52-week low of $47.38 and a 52-week high of $52.03. The stock has a 50 day moving average price of $48.87 and a 200 day moving average price of $50.52.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were given a dividend of $0.1590 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $1.91 dividend on an annualized basis and a yield of 3.8%.

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.