IHT Wealth Management LLC Has $824,000 Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

IHT Wealth Management LLC boosted its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB – Get Rating) by 34.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,916 shares of the company’s stock after purchasing an additional 4,343 shares during the quarter. IHT Wealth Management LLC’s holdings in First Trust Managed Municipal ETF were worth $824,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FMB. BNP Paribas Arbitrage SA acquired a new position in First Trust Managed Municipal ETF during the first quarter valued at approximately $26,000. Gradient Investments LLC bought a new position in First Trust Managed Municipal ETF in the third quarter valued at approximately $73,000. Heritage Wealth Management LLC lifted its stake in First Trust Managed Municipal ETF by 390.3% in the third quarter. Heritage Wealth Management LLC now owns 1,569 shares of the company’s stock valued at $76,000 after buying an additional 1,249 shares in the last quarter. Ten Capital Wealth Advisors LLC bought a new position in First Trust Managed Municipal ETF in the third quarter valued at approximately $83,000. Finally, Allworth Financial LP lifted its stake in First Trust Managed Municipal ETF by 126.3% in the third quarter. Allworth Financial LP now owns 3,628 shares of the company’s stock valued at $177,000 after buying an additional 2,025 shares in the last quarter.

First Trust Managed Municipal ETF Stock Up 0.5 %

Shares of FMB opened at $50.86 on Friday. First Trust Managed Municipal ETF has a twelve month low of $48.07 and a twelve month high of $53.90. The firm’s 50 day moving average price is $50.89 and its two-hundred day moving average price is $50.11.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Thursday, February 23rd were paid a $0.128 dividend. The ex-dividend date of this dividend was Wednesday, February 22nd. This represents a $1.54 dividend on an annualized basis and a yield of 3.02%. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.13.

About First Trust Managed Municipal ETF

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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.