High Net Worth Advisory Group LLC Sells 11,139 Shares of First Trust Managed Municipal ETF $FMB

High Net Worth Advisory Group LLC reduced its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 48.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,640 shares of the company’s stock after selling 11,139 shares during the quarter. High Net Worth Advisory Group LLC’s holdings in First Trust Managed Municipal ETF were worth $590,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Pinnacle Bancorp Inc. grew its stake in First Trust Managed Municipal ETF by 7.8% during the third quarter. Pinnacle Bancorp Inc. now owns 2,752 shares of the company’s stock worth $140,000 after buying an additional 200 shares in the last quarter. Prospera Financial Services Inc raised its position in shares of First Trust Managed Municipal ETF by 0.4% in the 2nd quarter. Prospera Financial Services Inc now owns 61,466 shares of the company’s stock valued at $3,063,000 after buying an additional 216 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of First Trust Managed Municipal ETF by 0.9% in the 2nd quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock valued at $1,544,000 after buying an additional 266 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 1.4% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 19,317 shares of the company’s stock worth $962,000 after acquiring an additional 275 shares during the period. Finally, LVZ Inc. boosted its position in shares of First Trust Managed Municipal ETF by 1.6% during the 3rd quarter. LVZ Inc. now owns 19,687 shares of the company’s stock worth $998,000 after acquiring an additional 302 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ:FMB opened at $51.46 on Monday. First Trust Managed Municipal ETF has a 1 year low of $48.19 and a 1 year high of $51.54. The company’s 50 day simple moving average is $51.19 and its 200 day simple moving average is $50.62.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.147 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%.

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.