WealthCare Investment Partners LLC Boosts Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

WealthCare Investment Partners LLC boosted its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 35.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,166 shares of the company’s stock after acquiring an additional 12,242 shares during the quarter. First Trust Managed Municipal ETF accounts for 1.4% of WealthCare Investment Partners LLC’s portfolio, making the stock its 19th biggest holding. WealthCare Investment Partners LLC owned 0.13% of First Trust Managed Municipal ETF worth $2,390,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Arbitrage SA bought a new stake in First Trust Managed Municipal ETF during the first quarter valued at about $26,000. Glassman Wealth Services bought a new stake in First Trust Managed Municipal ETF during the first quarter valued at about $28,000. IAG Wealth Partners LLC bought a new stake in First Trust Managed Municipal ETF during the first quarter valued at about $31,000. Harbor Investment Advisory LLC bought a new stake in First Trust Managed Municipal ETF during the first quarter valued at about $38,000. Finally, Sound Income Strategies LLC bought a new stake in First Trust Managed Municipal ETF during the second quarter valued at about $40,000.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB traded down $0.05 during mid-day trading on Tuesday, reaching $49.96. The company’s stock had a trading volume of 200,920 shares, compared to its average volume of 193,805. The stock has a fifty day moving average of $50.33 and a two-hundred day moving average of $50.55. 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 disclosed a monthly dividend, which was paid on Thursday, August 31st. Stockholders of record on Wednesday, August 23rd were paid a $0.1275 dividend. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Tuesday, August 22nd.

About First Trust Managed Municipal ETF

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.