First Trust Managed Municipal ETF $FMB Position Decreased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 10.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 311,950 shares of the company’s stock after selling 36,215 shares during the period. Envestnet Asset Management Inc. owned about 0.83% of First Trust Managed Municipal ETF worth $15,816,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FMB. Ashton Thomas Private Wealth LLC grew its position in First Trust Managed Municipal ETF by 57.6% in the third quarter. Ashton Thomas Private Wealth LLC now owns 18,604 shares of the company’s stock worth $943,000 after buying an additional 6,801 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 0.7% during the 3rd quarter. Westside Investment Management Inc. now owns 68,859 shares of the company’s stock worth $3,492,000 after acquiring an additional 500 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of First Trust Managed Municipal ETF by 19.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 129,466 shares of the company’s stock worth $6,552,000 after acquiring an additional 21,257 shares during the last quarter. Financial Strategies Group Inc. grew its holdings in shares of First Trust Managed Municipal ETF by 1.2% in the 3rd quarter. Financial Strategies Group Inc. now owns 17,855 shares of the company’s stock worth $914,000 after acquiring an additional 220 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of First Trust Managed Municipal ETF during the third quarter worth $45,000.

First Trust Managed Municipal ETF Trading Up 0.0%

NASDAQ:FMB opened at $51.83 on Monday. The stock has a fifty day simple moving average of $51.30 and a 200 day simple moving average of $50.89. First Trust Managed Municipal ETF has a 1-year low of $48.19 and a 1-year high of $51.88.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were given a $0.154 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, January 21st.

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.