Frisch Financial Group's Investment: On November 7, 2025, Frisch Financial Group, Inc. reported a 75,648 share increase in its holdings of the First Trust Managed Municipal ETF (FMB), raising its total position to 288,013 shares valued at $14.60 million.
Performance and Comparison: As of November 7, 2025, FMB shares were priced at $51.23, showing a 3.9% increase over the previous year but underperforming the S&P 500 by 9.04 percentage points; it has a dividend yield of 3.4%.
Investment Characteristics: FMB is a tax-exempt municipal bond ETF that aims to provide stable income and capital preservation, making it suitable for income-seeking investors, although it has a higher expense ratio compared to competitors like Vanguard Tax-Exempt Bond ETF (VTEB).
Investor Considerations: Given the similar yields and performance history of FMB and VTEB, investors may prefer VTEB due to its significantly lower expense ratio of 0.03% compared to FMB's 0.65%.
Wall Street analysts forecast FMB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FMB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast FMB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FMB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 51.240
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Current: 51.240
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
