Whitnell & Co. Has $1.32 Million Stake in First Trust Managed Municipal ETF (FMB)

Whitnell & Co. increased its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 44.7% during the 1st quarter, HoldingsChannel reports. The fund owned 24,577 shares of the company’s stock after purchasing an additional 7,587 shares during the quarter. Whitnell & Co.’s holdings in First Trust Managed Municipal ETF were worth $1,323,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC acquired a new stake in First Trust Managed Municipal ETF in the first quarter valued at $28,000. Wealthcare Advisory Partners LLC acquired a new stake in First Trust Managed Municipal ETF in the fourth quarter valued at $106,000. PNC Financial Services Group Inc. raised its stake in First Trust Managed Municipal ETF by 23.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,049 shares of the company’s stock valued at $160,000 after buying an additional 581 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in First Trust Managed Municipal ETF by 195.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,405 shares of the company’s stock valued at $179,000 after buying an additional 2,253 shares in the last quarter. Finally, Beacon Pointe Wealth Advisors LLC acquired a new stake in First Trust Managed Municipal ETF in the fourth quarter valued at $205,000.

First Trust Managed Municipal ETF stock traded up $0.11 during midday trading on Wednesday, reaching $53.85. The company’s stock had a trading volume of 403 shares, compared to its average volume of 104,828. First Trust Managed Municipal ETF has a fifty-two week low of $51.51 and a fifty-two week high of $53.92.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th will be paid a $0.1175 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, April 23rd.

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Want to see what other hedge funds are holding FMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Managed Municipal ETF (NASDAQ:FMB).

Institutional Ownership by Quarter for First Trust Managed Municipal ETF (NASDAQ:FMB)

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