49,000 First Trust Managed Municipal ETF $FMB Shares Sold by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC reduced its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 86.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,500 shares of the company’s stock after selling 49,000 shares during the quarter. Lake Street Private Wealth LLC’s holdings in First Trust Managed Municipal ETF were worth $359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FMB. Pinnacle Bancorp Inc. boosted its holdings in First Trust Managed Municipal ETF by 32.2% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 16,996 shares of the company’s stock worth $813,000 after buying an additional 4,144 shares during the period. PFS Partners LLC increased its stake in First Trust Managed Municipal ETF by 279.6% in the 3rd quarter. PFS Partners LLC now owns 706 shares of the company’s stock worth $34,000 after buying an additional 520 shares in the last quarter. Magnus Financial Group LLC raised its holdings in First Trust Managed Municipal ETF by 1.6% during the third quarter. Magnus Financial Group LLC now owns 87,328 shares of the company’s stock valued at $4,180,000 after acquiring an additional 1,405 shares during the period. Arwa LLC raised its holdings in First Trust Managed Municipal ETF by 13.7% during the third quarter. Arwa LLC now owns 63,264 shares of the company’s stock valued at $3,058,000 after acquiring an additional 7,614 shares during the period. Finally, Sowell Financial Services LLC raised its holdings in First Trust Managed Municipal ETF by 4.8% during the third quarter. Sowell Financial Services LLC now owns 25,166 shares of the company’s stock valued at $1,204,000 after acquiring an additional 1,164 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of First Trust Managed Municipal ETF stock opened at $49.07 on Friday. The stock’s 50-day simple moving average is $49.02 and its 200-day simple moving average is $50.32. First Trust Managed Municipal ETF has a 52 week low of $47.38 and a 52 week high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 21st will be paid a dividend of $0.1590 per share. This represents a $1.91 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 21st.

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.