Maia Wealth LLC Makes New $234,000 Investment in First Trust Managed Municipal ETF (NASDAQ:FMB)

Maia Wealth LLC purchased a new position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,575 shares of the company’s stock, valued at approximately $234,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Duncker Streett & Co. Inc. purchased a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth about $108,000. Pinnacle Bancorp Inc. grew its holdings in shares of First Trust Managed Municipal ETF by 152.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after buying an additional 1,300 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of First Trust Managed Municipal ETF by 177.8% during the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after buying an additional 1,778 shares in the last quarter. Dopkins Wealth Management LLC purchased a new stake in First Trust Managed Municipal ETF in the third quarter valued at approximately $201,000. Finally, TrueWealth Advisors LLC purchased a new stake in First Trust Managed Municipal ETF in the fourth quarter valued at approximately $207,000.

First Trust Managed Municipal ETF Stock Performance

First Trust Managed Municipal ETF stock opened at $51.44 on Tuesday. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13. The firm has a 50 day moving average price of $51.05 and a 200 day moving average price of $51.40.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.14 dividend. The ex-dividend date was Friday, February 21st.

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.