Kaydan Wealth Management Inc. Has $408,000 Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Kaydan Wealth Management Inc. trimmed its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,999 shares of the company’s stock after selling 386 shares during the quarter. Kaydan Wealth Management Inc.’s holdings in First Trust Managed Municipal ETF were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. lifted its stake in First Trust Managed Municipal ETF by 152.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after acquiring an additional 1,300 shares during the last quarter. Christopher J. Hasenberg Inc acquired a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter valued at $166,000. Dopkins Wealth Management LLC bought a new stake in First Trust Managed Municipal ETF in the third quarter worth $201,000. TrueWealth Advisors LLC acquired a new position in First Trust Managed Municipal ETF during the fourth quarter worth $207,000. Finally, James Investment Research Inc. bought a new position in First Trust Managed Municipal ETF during the third quarter valued at about $224,000.

First Trust Managed Municipal ETF Trading Up 0.2 %

FMB opened at $50.89 on Monday. The stock has a 50-day moving average of $51.25 and a 200-day moving average of $51.47. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

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

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.