Hedeker Wealth LLC Has $1.13 Million Stock Position in First Trust Managed Municipal ETF $FMB

Hedeker Wealth LLC lowered its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) by 36.3% in the 4th quarter, HoldingsChannel reports. The firm owned 22,113 shares of the company’s stock after selling 12,605 shares during the period. Hedeker Wealth LLC’s holdings in First Trust Managed Municipal ETF were worth $1,131,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FMB. Jane Street Group LLC grew its stake in First Trust Managed Municipal ETF by 2,668.1% during the first 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 during the period. Baird Financial Group Inc. grew its stake in First Trust Managed Municipal ETF by 0.9% during the second quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock worth $1,544,000 after purchasing an additional 266 shares during the period. Qube Research & Technologies Ltd acquired a new stake in First Trust Managed Municipal ETF during the second quarter worth approximately $125,000. Main Street Financial Solutions LLC acquired a new stake in First Trust Managed Municipal ETF during the second quarter worth approximately $805,000. Finally, Raymond James Financial Inc. grew its stake in First Trust Managed Municipal ETF by 2.9% during the second quarter. Raymond James Financial Inc. now owns 1,191,423 shares of the company’s stock worth $59,357,000 after purchasing an additional 34,126 shares during the period.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $51.16 on Monday. The business has a 50 day simple moving average of $51.37 and a 200 day simple moving average of $51.23. First Trust Managed Municipal ETF has a one year low of $48.63 and a one year high of $52.03.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.155 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a c) annualized dividend and a yield of 3.6%.

First Trust Managed Municipal ETF Profile

(Free Report)

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.

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