Brady Martz Wealth Solutions LLC Sells 10,648 Shares of First Trust Managed Municipal ETF $FMB

Brady Martz Wealth Solutions LLC reduced its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 9.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 100,346 shares of the company’s stock after selling 10,648 shares during the quarter. First Trust Managed Municipal ETF makes up about 0.9% of Brady Martz Wealth Solutions LLC’s portfolio, making the stock its 28th largest holding. Brady Martz Wealth Solutions LLC owned about 0.26% of First Trust Managed Municipal ETF worth $5,131,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Total Investment Management Inc. bought a new stake in shares of First Trust Managed Municipal ETF in the second quarter worth $27,000. Evolution Wealth Management Inc. acquired a new stake in First Trust Managed Municipal ETF in the second quarter valued at $27,000. Ameriflex Group Inc. bought a new position in First Trust Managed Municipal ETF during the 3rd quarter worth $40,000. Hazlett Burt & Watson Inc. bought a new position in First Trust Managed Municipal ETF during the 3rd quarter worth $45,000. Finally, PNC Financial Services Group Inc. acquired a new position in First Trust Managed Municipal ETF during the 3rd quarter worth about $51,000.

First Trust Managed Municipal ETF Trading Up 0.2%

NASDAQ FMB opened at $50.66 on Wednesday. The business’s 50-day moving average price is $51.42 and its two-hundred day moving average price is $51.22. First Trust Managed Municipal ETF has a 12 month low of $48.19 and a 12 month high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.155 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, March 26th.

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.