Jane Street Group LLC Sells 23,083 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Jane Street Group LLC reduced its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 77.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,847 shares of the company’s stock after selling 23,083 shares during the period. Jane Street Group LLC’s holdings in First Trust Managed Municipal ETF were worth $349,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tucker Asset Management LLC increased its position in shares of First Trust Managed Municipal ETF by 933.3% during the 4th quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock valued at $30,000 after purchasing an additional 532 shares during the last quarter. Duncker Streett & Co. Inc. bought a new stake in First Trust Managed Municipal ETF in the fourth quarter worth about $108,000. Fifth Third Bancorp boosted its stake in First Trust Managed Municipal ETF by 177.8% in the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after acquiring an additional 1,778 shares during the last quarter. Triumph Capital Management purchased a new position in First Trust Managed Municipal ETF in the fourth quarter valued at about $214,000. Finally, Coppell Advisory Solutions LLC grew its position in shares of First Trust Managed Municipal ETF by 428.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 4,361 shares of the company’s stock valued at $223,000 after acquiring an additional 3,535 shares during the period.

First Trust Managed Municipal ETF Stock Down 0.0%

NASDAQ:FMB opened at $49.64 on Monday. The firm’s 50 day moving average is $49.79 and its 200 day moving average is $50.68. 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 company also recently announced a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were paid a $0.142 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. This represents a $1.70 annualized dividend and a dividend yield of 3.43%.

First Trust Managed Municipal ETF Profile

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.