Catalina Capital Group LLC Reduces Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Catalina Capital Group LLC lowered its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 29.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,661 shares of the company’s stock after selling 1,978 shares during the quarter. Catalina Capital Group LLC’s holdings in First Trust Managed Municipal ETF were worth $235,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FMB. Tucker Asset Management LLC boosted its position in First Trust Managed Municipal ETF by 933.3% during the 4th quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock valued at $30,000 after buying an additional 532 shares during the period. GAMMA Investing LLC raised its holdings in First Trust Managed Municipal ETF by 4,941.9% in the 1st quarter. GAMMA Investing LLC now owns 1,563 shares of the company’s stock worth $79,000 after purchasing an additional 1,532 shares in the last quarter. Duncker Streett & Co. Inc. bought a new position in First Trust Managed Municipal ETF in the 4th quarter worth $108,000. Hanson & Doremus Investment Management bought a new position in First Trust Managed Municipal ETF in the 1st quarter worth $113,000. Finally, NBC Securities Inc. raised its holdings in First Trust Managed Municipal ETF by 119,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,382 shares of the company’s stock worth $120,000 after purchasing an additional 2,380 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $49.76 on Thursday. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13. The firm has a fifty day simple moving average of $49.66 and a two-hundred day simple moving average of $50.53.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were issued a $0.142 dividend. The ex-dividend date was Wednesday, May 21st. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. This represents a $1.70 annualized dividend and a yield of 3.42%.

About First Trust Managed Municipal ETF

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.