HFG Wealth Management LLC Raises Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

HFG Wealth Management LLC boosted its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,836 shares of the company’s stock after buying an additional 902 shares during the period. First Trust Managed Municipal ETF accounts for about 1.7% of HFG Wealth Management LLC’s investment portfolio, making the stock its 19th biggest holding. HFG Wealth Management LLC owned approximately 0.13% of First Trust Managed Municipal ETF worth $2,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of FMB. Strategic Financial Partners Ltd. boosted its position in shares of First Trust Managed Municipal ETF by 0.6% in the 2nd quarter. Strategic Financial Partners Ltd. now owns 33,547 shares of the company’s stock worth $1,713,000 after purchasing an additional 207 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of First Trust Managed Municipal ETF by 5.1% during the first quarter. Benjamin Edwards Inc. now owns 5,075 shares of the company’s stock valued at $261,000 after acquiring an additional 247 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in shares of First Trust Managed Municipal ETF by 2.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 11,363 shares of the company’s stock valued at $580,000 after purchasing an additional 252 shares during the last quarter. Auour Investments LLC boosted its stake in First Trust Managed Municipal ETF by 3.7% in the 2nd quarter. Auour Investments LLC now owns 7,191 shares of the company’s stock worth $367,000 after purchasing an additional 256 shares in the last quarter. Finally, Prestige Wealth Management Group LLC grew its position in First Trust Managed Municipal ETF by 0.4% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 79,954 shares of the company’s stock worth $4,082,000 after purchasing an additional 292 shares during the last quarter.

First Trust Managed Municipal ETF Stock Down 0.1 %

NASDAQ FMB opened at $51.96 on Tuesday. The company has a fifty day simple moving average of $51.70 and a two-hundred day simple moving average of $51.33. First Trust Managed Municipal ETF has a 12-month low of $48.08 and a 12-month high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.139 per share. The ex-dividend date was Thursday, September 26th. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.