MGO One Seven LLC Sells 870 Shares of First Trust Managed Municipal ETF $FMB

MGO One Seven LLC reduced its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.0% during the second quarter, HoldingsChannel reports. The firm owned 88,127 shares of the company’s stock after selling 870 shares during the period. MGO One Seven LLC’s holdings in First Trust Managed Municipal ETF were worth $4,390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC raised its position in shares of First Trust Managed Municipal ETF by 3.7% during the 1st quarter. LPL Financial LLC now owns 2,179,768 shares of the company’s stock valued at $109,909,000 after buying an additional 77,992 shares in the last quarter. Raymond James Financial Inc. increased its stake in First Trust Managed Municipal ETF by 0.6% in the first quarter. Raymond James Financial Inc. now owns 1,157,297 shares of the company’s stock valued at $58,353,000 after acquiring an additional 6,985 shares during the last quarter. Avantax Advisory Services Inc. raised its position in First Trust Managed Municipal ETF by 2.8% during the first quarter. Avantax Advisory Services Inc. now owns 621,617 shares of the company’s stock valued at $31,343,000 after purchasing an additional 16,676 shares in the last quarter. Royal Bank of Canada lifted its stake in First Trust Managed Municipal ETF by 1.4% during the first quarter. Royal Bank of Canada now owns 619,572 shares of the company’s stock worth $31,240,000 after purchasing an additional 8,529 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 45.6% in the 1st quarter. NewEdge Advisors LLC now owns 455,622 shares of the company’s stock worth $22,973,000 after purchasing an additional 142,668 shares in the last quarter.

First Trust Managed Municipal ETF Trading Up 0.2%

Shares of First Trust Managed Municipal ETF stock opened at $51.06 on Tuesday. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $51.99. The business’s 50-day moving average price is $50.30 and its 200-day moving average price is $49.92.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a dividend of $0.146 per share. The ex-dividend date was Thursday, September 25th. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 3.4%.

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.