FMB Overview

Frisch Financial Group's Investment: Frisch Financial Group, Inc. increased its stake in the First Trust Managed Municipal ETF (FMB) by 75,648 shares, valued at approximately $4.02 million, bringing its total holdings to 288,013 shares worth $14.60 million as of September 30, 2025.

FMB's Market Position: FMB now constitutes about 3.4% of Frisch Financial Group's 13F assets under management, although it remains outside the fund's top five holdings.

ETF Characteristics: The First Trust Managed Municipal ETF is a tax-exempt municipal bond ETF with a market cap of $1.89 billion, offering a competitive dividend yield of 3.4% and focusing on credit quality and capital preservation.

Comparison with Competitors: While FMB has a higher expense ratio of 0.65% compared to Vanguard's Tax-Exempt Bond ETF (VTEB) at 0.03%, both funds have shown similar performance over the past five years, suggesting that income-oriented investors may prefer VTEB for its lower fees.

FMB Stock Performance: FMB's stock has a 52-week low of $48.10 and a high of $52.13, with the last trade recorded at $51.35.

Market Analysis Disclaimer: The opinions expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.

RSI Analysis: First Trust Managed Municipal (FMB) has an RSI reading of 27.8, indicating potential exhaustion from heavy selling, compared to the S&P 500's 64.7.

Stock Performance: FMB's shares are trading at $51.05, within a 52-week range of $48.08 to $52.13, and are down about 0.6% for the day.