Weitzel Financial Services Inc. Raises Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Weitzel Financial Services Inc. grew its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,383 shares of the company’s stock after buying an additional 1,364 shares during the quarter. First Trust Managed Municipal ETF accounts for 1.4% of Weitzel Financial Services Inc.’s portfolio, making the stock its 14th largest position. Weitzel Financial Services Inc. owned about 0.14% of First Trust Managed Municipal ETF worth $2,553,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA purchased a new position in First Trust Managed Municipal ETF in the 1st quarter worth about $26,000. Glassman Wealth Services purchased a new position in shares of First Trust Managed Municipal ETF during the first quarter valued at approximately $28,000. IAG Wealth Partners LLC purchased a new stake in First Trust Managed Municipal ETF in the first quarter worth approximately $31,000. Harbor Investment Advisory LLC purchased a new stake in First Trust Managed Municipal ETF in the first quarter worth approximately $38,000. Finally, Financial Management Professionals Inc. bought a new stake in First Trust Managed Municipal ETF in the 1st quarter worth approximately $110,000.

First Trust Managed Municipal ETF Stock Up 0.0 %

FMB stock traded up $0.02 during trading on Friday, reaching $49.98. The stock had a trading volume of 18,873 shares, compared to its average volume of 193,087. The stock’s 50 day moving average is $50.35 and its two-hundred day moving average is $50.58. First Trust Managed Municipal ETF has a 52 week low of $48.07 and a 52 week high of $51.63.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, August 31st. Stockholders of record on Wednesday, August 23rd were paid a dividend of $0.1275 per share. This represents a $1.53 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Tuesday, August 22nd.

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.