First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Acquired by Weitzel Financial Services Inc.

Weitzel Financial Services Inc. grew its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,183 shares of the company’s stock after purchasing an additional 569 shares during the quarter. First Trust Managed Municipal ETF makes up 1.2% of Weitzel Financial Services Inc.’s holdings, making the stock its 17th biggest position. Weitzel Financial Services Inc. owned about 0.12% of First Trust Managed Municipal ETF worth $2,509,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. DHJJ Financial Advisors Ltd. grew its position in shares of First Trust Managed Municipal ETF by 119.4% in the second quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock valued at $40,000 after purchasing an additional 430 shares during the period. Fifth Third Bancorp purchased a new position in shares of First Trust Managed Municipal ETF in the second quarter worth about $51,000. IAG Wealth Partners LLC purchased a new position in shares of First Trust Managed Municipal ETF in the second quarter worth about $53,000. WR Wealth Planners LLC purchased a new position in shares of First Trust Managed Municipal ETF in the second quarter worth about $56,000. Finally, International Assets Investment Management LLC purchased a new position in shares of First Trust Managed Municipal ETF in the second quarter worth about $112,000.

First Trust Managed Municipal ETF Stock Down 1.2 %

Shares of FMB stock opened at $50.75 on Thursday. The firm’s 50-day moving average is $51.68 and its two-hundred day moving average is $51.39. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were paid a dividend of $0.139 per share. The ex-dividend date was Tuesday, October 22nd.

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.