127,253 Shares in First Trust Managed Municipal ETF (NASDAQ:FMB) Purchased by Brady Martz Wealth Solutions LLC

Brady Martz Wealth Solutions LLC acquired a new position in First Trust Managed Municipal ETF (NASDAQ:FMB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 127,253 shares of the company’s stock, valued at approximately $6,440,000. First Trust Managed Municipal ETF accounts for approximately 1.6% of Brady Martz Wealth Solutions LLC’s investment portfolio, making the stock its 12th biggest position. Brady Martz Wealth Solutions LLC owned 0.33% of First Trust Managed Municipal ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Bancorp Inc. lifted its holdings in First Trust Managed Municipal ETF by 152.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after buying an additional 1,300 shares in the last quarter. Christopher J. Hasenberg Inc purchased a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter worth $166,000. Dopkins Wealth Management LLC purchased a new position in shares of First Trust Managed Municipal ETF during the third quarter valued at $201,000. TrueWealth Advisors LLC bought a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter valued at about $207,000. Finally, James Investment Research Inc. purchased a new stake in First Trust Managed Municipal ETF in the third quarter worth about $224,000.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $50.89 on Friday. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13. The company’s 50-day simple moving average is $51.25 and its two-hundred day simple moving average is $51.47.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.139 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.