Frisch Financial Group, Inc. increased its stake in First Trust Managed Municipal ETF (FMB) by 75,648 shares, adding an estimated $4.02 million to its position. The post-trade position now stands at 288,013 shares valued at $14.60 million, representing approximately 3.4% of the fund’s AUM. FMB is now outside the top five holdings of the fund. As of November 7, 2025, FMB shares were priced at $51.23, showing a 3.9% return over the prior year but trailing the S&P 500 by 9.04 percentage points.

FMB is a tax-exempt municipal bond ETF with a market capitalization of $1.89 billion, focusing on income and capital preservation. The ETF has a competitive dividend yield and is designed for investors seeking tax-exempt income and liquidity. Frisch Financial Group, Inc. increased its position in FMB during the third quarter, adding 75,648 shares and bringing the total to 288,013 shares valued at $14.60 million as of September 30, 2025.

For income-seeking investors interested in municipal bond ETFs, FMB is a tax-advantaged product with a solid dividend yield of 3.4%. However, Vanguard Tax-Exempt Bond ETF (VTEB) offers a similar yield of 3.3% with lower fees at an expense ratio of 0.03%. Both funds have had nearly identical performance histories over the last five years, making VTEB an attractive option for those prioritizing lower fees.

Read more at Nasdaq: Investment Advisor Adds Shares of Municipal Bond ETF. Should Retail Investors Follow Suit?