Bernardo Wealth Planning LLC Sells 1,877 Shares of First Trust Managed Municipal ETF $FMB

Bernardo Wealth Planning LLC cut its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 6.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,142 shares of the company’s stock after selling 1,877 shares during the quarter. Bernardo Wealth Planning LLC owned approximately 0.07% of First Trust Managed Municipal ETF worth $1,253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new position in shares of First Trust Managed Municipal ETF in the second quarter worth approximately $376,000. GM Advisory Group LLC raised its holdings in First Trust Managed Municipal ETF by 0.7% during the 2nd quarter. GM Advisory Group LLC now owns 212,000 shares of the company’s stock worth $10,562,000 after purchasing an additional 1,472 shares during the last quarter. Maia Wealth LLC acquired a new position in shares of First Trust Managed Municipal ETF in the 2nd quarter worth approximately $247,000. Global Retirement Partners LLC bought a new stake in shares of First Trust Managed Municipal ETF in the 2nd quarter valued at $560,000. Finally, Forum Private Client Group LLC boosted its stake in shares of First Trust Managed Municipal ETF by 18.6% in the 2nd quarter. Forum Private Client Group LLC now owns 6,408 shares of the company’s stock valued at $319,000 after purchasing an additional 1,006 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB opened at $51.23 on Friday. First Trust Managed Municipal ETF has a twelve month low of $48.19 and a twelve month high of $51.99. The firm has a fifty day simple moving average of $51.08 and a 200 day simple moving average of $50.26.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were paid a $0.147 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15.

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.