First Trust Managed Municipal ETF $FMB Shares Sold by Magnus Financial Group LLC

Magnus Financial Group LLC cut its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 13.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 81,722 shares of the company’s stock after selling 12,711 shares during the period. Magnus Financial Group LLC’s holdings in First Trust Managed Municipal ETF were worth $4,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Total Investment Management Inc. acquired a new position in First Trust Managed Municipal ETF during the 2nd quarter worth $27,000. Evolution Wealth Management Inc. acquired a new position in First Trust Managed Municipal ETF during the 2nd quarter valued at about $27,000. Qube Research & Technologies Ltd acquired a new stake in shares of First Trust Managed Municipal ETF in the 2nd quarter worth approximately $125,000. Pinnacle Bancorp Inc. increased its stake in shares of First Trust Managed Municipal ETF by 18.7% during the second quarter. Pinnacle Bancorp Inc. now owns 2,552 shares of the company’s stock valued at $127,000 after acquiring an additional 402 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in First Trust Managed Municipal ETF by 18.4% during the third quarter. Farther Finance Advisors LLC now owns 3,052 shares of the company’s stock worth $155,000 after purchasing an additional 474 shares in the last quarter.

First Trust Managed Municipal ETF Trading Up 0.1%

Shares of FMB stock opened at $51.46 on Thursday. The business’s fifty day moving average is $51.18 and its 200-day moving average is $50.59. First Trust Managed Municipal ETF has a 1 year low of $48.19 and a 1 year high of $51.51.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.147 dividend. The ex-dividend date was Friday, December 12th. This represents a c) annualized dividend 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.