Hobart Private Capital LLC Has $831,000 Stock Holdings in First Trust Managed Municipal ETF $FMB

Hobart Private Capital LLC cut its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 34.9% during the second quarter, HoldingsChannel reports. The fund owned 16,671 shares of the company’s stock after selling 8,948 shares during the quarter. Hobart Private Capital LLC’s holdings in First Trust Managed Municipal ETF were worth $831,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FMB. Jane Street Group LLC increased its position in First Trust Managed Municipal ETF by 2,668.1% during the first quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock worth $9,557,000 after buying an additional 182,683 shares during the last quarter. NewEdge Advisors LLC increased its position in First Trust Managed Municipal ETF by 45.6% during the first quarter. NewEdge Advisors LLC now owns 455,622 shares of the company’s stock worth $22,973,000 after buying an additional 142,668 shares during the last quarter. HighTower Advisors LLC increased its position in First Trust Managed Municipal ETF by 104.4% during the first quarter. HighTower Advisors LLC now owns 231,944 shares of the company’s stock worth $11,695,000 after buying an additional 118,458 shares during the last quarter. LPL Financial LLC increased its position in First Trust Managed Municipal ETF by 3.7% during the first quarter. LPL Financial LLC now owns 2,179,768 shares of the company’s stock worth $109,909,000 after buying an additional 77,992 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in First Trust Managed Municipal ETF by 24.3% during the first quarter. Commonwealth Equity Services LLC now owns 384,349 shares of the company’s stock valued at $19,380,000 after acquiring an additional 75,137 shares during the period.

First Trust Managed Municipal ETF Stock Performance

FMB stock opened at $51.24 on Friday. First Trust Managed Municipal ETF has a 52-week low of $48.19 and a 52-week high of $51.99. The company has a 50-day moving average of $50.55 and a two-hundred day moving average of $49.98.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be issued a dividend of $0.146 per share. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, October 21st.

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.