First Trust Managed Municipal ETF $FMB Shares Sold by Citadel Advisors LLC

Citadel Advisors LLC decreased its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 27.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 44,542 shares of the company’s stock after selling 16,778 shares during the period. Citadel Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $2,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Continuum Advisory LLC bought a new position in First Trust Managed Municipal ETF during the 2nd quarter worth $29,000. Frazier Financial Advisors LLC acquired a new stake in First Trust Managed Municipal ETF in the first quarter worth $31,000. PNC Financial Services Group Inc. bought a new stake in First Trust Managed Municipal ETF in the third quarter valued at $51,000. Ascentis Independent Advisors bought a new stake in First Trust Managed Municipal ETF in the first quarter valued at $53,000. Finally, Tucker Asset Management LLC acquired a new position in shares of First Trust Managed Municipal ETF during the fourth quarter valued at $54,000.

First Trust Managed Municipal ETF Price Performance

Shares of FMB opened at $49.60 on Wednesday. The firm has a fifty day moving average of $50.54 and a 200-day moving average of $50.96. First Trust Managed Municipal ETF has a 1 year low of $49.57 and a 1 year high of $52.03.

First Trust Managed Municipal ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were paid a dividend of $0.158 per share. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, August 21st. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16.

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.