Envestnet Asset Management Inc. Sells 22,092 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Envestnet Asset Management Inc. reduced its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 5.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 403,587 shares of the company’s stock after selling 22,092 shares during the period. Envestnet Asset Management Inc. owned approximately 1.05% of First Trust Managed Municipal ETF worth $20,350,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its stake in shares of First Trust Managed Municipal ETF by 15.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 7,398 shares of the company’s stock worth $373,000 after purchasing an additional 1,000 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in First Trust Managed Municipal ETF by 7.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 24,163 shares of the company’s stock valued at $1,218,000 after acquiring an additional 1,772 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in First Trust Managed Municipal ETF by 8.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 38,703 shares of the company’s stock valued at $1,951,000 after acquiring an additional 2,925 shares during the period. Ameriprise Financial Inc. bought a new stake in First Trust Managed Municipal ETF in the 4th quarter valued at about $289,000. Finally, NBC Securities Inc. raised its stake in First Trust Managed Municipal ETF by 119,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,382 shares of the company’s stock valued at $120,000 after acquiring an additional 2,380 shares during the period.

First Trust Managed Municipal ETF Stock Down 0.1%

FMB stock opened at $49.58 on Thursday. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13. The stock has a 50-day simple moving average of $49.74 and a two-hundred day simple moving average of $50.32.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a dividend of $0.144 per share. This represents a $1.73 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Thursday, June 26th. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14.

First Trust Managed Municipal ETF Company 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.