Opinicus Capital Inc. Has $1.06 Million Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Opinicus Capital Inc. decreased its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 56.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,726 shares of the company’s stock after selling 26,450 shares during the period. Opinicus Capital Inc. owned 0.05% of First Trust Managed Municipal ETF worth $1,057,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Golden State Wealth Management LLC bought a new position in First Trust Managed Municipal ETF in the 4th quarter worth $3,560,000. Hedeker Wealth LLC grew its position in shares of First Trust Managed Municipal ETF by 53.3% in the fourth quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock valued at $2,717,000 after purchasing an additional 18,519 shares during the last quarter. Etesian Wealth Advisors Inc. increased its stake in shares of First Trust Managed Municipal ETF by 14.1% in the fourth quarter. Etesian Wealth Advisors Inc. now owns 84,407 shares of the company’s stock worth $4,306,000 after purchasing an additional 10,415 shares during the period. Journey Strategic Wealth LLC lifted its position in shares of First Trust Managed Municipal ETF by 15.2% during the 4th quarter. Journey Strategic Wealth LLC now owns 120,260 shares of the company’s stock worth $6,134,000 after purchasing an additional 15,890 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its stake in First Trust Managed Municipal ETF by 18.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 39,191 shares of the company’s stock valued at $1,999,000 after purchasing an additional 6,084 shares during the period.

First Trust Managed Municipal ETF Stock Down 0.2 %

FMB opened at $51.23 on Friday. The stock’s 50 day moving average price is $51.14 and its two-hundred day moving average price is $51.44. 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 Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a dividend of $0.14 per share. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Wednesday, January 22nd.

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.