Prestige Wealth Management Group LLC Has $3.78 Million Stock Position in First Trust Managed Municipal ETF $FMB

Prestige Wealth Management Group LLC reduced its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 14.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 74,006 shares of the company’s stock after selling 12,843 shares during the quarter. First Trust Managed Municipal ETF makes up 0.7% of Prestige Wealth Management Group LLC’s investment portfolio, making the stock its 29th largest holding. Prestige Wealth Management Group LLC owned 0.20% of First Trust Managed Municipal ETF worth $3,784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Clarity Capital Advisors LLC bought a new position in First Trust Managed Municipal ETF in the 4th quarter valued at $204,000. Verus Capital Partners LLC boosted its stake in First Trust Managed Municipal ETF by 4.2% in the 4th quarter. Verus Capital Partners LLC now owns 31,136 shares of the company’s stock worth $1,592,000 after purchasing an additional 1,262 shares during the period. ShoreHaven Wealth Partners LLC boosted its stake in First Trust Managed Municipal ETF by 4.7% in the 4th quarter. ShoreHaven Wealth Partners LLC now owns 7,582 shares of the company’s stock worth $388,000 after purchasing an additional 342 shares during the period. WCG Wealth Advisors LLC boosted its stake in First Trust Managed Municipal ETF by 43.0% in the 4th quarter. WCG Wealth Advisors LLC now owns 15,766 shares of the company’s stock worth $806,000 after purchasing an additional 4,741 shares during the period. Finally, Avestar Capital LLC bought a new stake in shares of First Trust Managed Municipal ETF during the 4th quarter valued at about $248,000.

First Trust Managed Municipal ETF Trading Up 0.1%

Shares of FMB opened at $51.30 on Friday. The stock has a 50-day moving average price of $51.01 and a 200-day moving average price of $51.23. First Trust Managed Municipal ETF has a 12-month low of $49.28 and a 12-month high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were given a $0.156 dividend. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Thursday, May 21st.

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.