First Trust Managed Municipal ETF $FMB Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 77.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,578 shares of the company’s stock after selling 8,942 shares during the period. Farther Finance Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $128,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. raised its position in First Trust Managed Municipal ETF by 18.7% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 2,552 shares of the company’s stock valued at $127,000 after purchasing an additional 402 shares during the last quarter. GSG Advisors LLC lifted its holdings in First Trust Managed Municipal ETF by 1.8% in the 2nd quarter. GSG Advisors LLC now owns 27,931 shares of the company’s stock valued at $1,392,000 after purchasing an additional 501 shares in the last quarter. Triumph Capital Management lifted its holdings in shares of First Trust Managed Municipal ETF by 11.3% during the 2nd quarter. Triumph Capital Management now owns 4,914 shares of the company’s stock worth $245,000 after acquiring an additional 500 shares during the period. WealthCare Investment Partners LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 2.1% during the 2nd quarter. WealthCare Investment Partners LLC now owns 50,561 shares of the company’s stock worth $2,521,000 after acquiring an additional 1,033 shares during the period. Finally, RMR Wealth Builders raised its holdings in First Trust Managed Municipal ETF by 6.6% in the second quarter. RMR Wealth Builders now owns 349,793 shares of the company’s stock valued at $17,427,000 after buying an additional 21,785 shares during the period.

First Trust Managed Municipal ETF Stock Performance

NASDAQ FMB opened at $50.78 on Friday. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $51.99. The company’s 50 day moving average price is $50.14 and its 200 day moving average price is $49.92.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a $0.146 dividend. This represents a c) annualized dividend and a yield of 3.5%. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Thursday, September 25th.

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.