11,020 First Trust Managed Municipal ETF $FMB Shares Sold by TL Private Wealth

TL Private Wealth lowered its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 61.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,953 shares of the company’s stock after selling 11,020 shares during the period. TL Private Wealth’s holdings in First Trust Managed Municipal ETF were worth $334,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in First Trust Managed Municipal ETF by 12.2% during the first quarter. Bank of America Corp DE now owns 2,046,794 shares of the company’s stock worth $103,691,000 after buying an additional 221,955 shares during the last quarter. First Heartland Consultants Inc. purchased a new position in First Trust Managed Municipal ETF in the third quarter valued at about $8,478,000. Fifth Third Bancorp boosted its stake in First Trust Managed Municipal ETF by 3,413.5% in the first quarter. Fifth Third Bancorp now owns 86,924 shares of the company’s stock valued at $4,404,000 after acquiring an additional 84,450 shares during the last quarter. NewEdge Advisors LLC boosted its stake in First Trust Managed Municipal ETF by 16.1% in the second quarter. NewEdge Advisors LLC now owns 497,684 shares of the company’s stock valued at $25,565,000 after acquiring an additional 68,875 shares during the last quarter. Finally, Arax Advisory Partners bought a new position in shares of First Trust Managed Municipal ETF during the 4th quarter valued at approximately $3,395,000.

First Trust Managed Municipal ETF Stock Up 0.3%

Shares of First Trust Managed Municipal ETF stock traded up $0.16 on Tuesday, reaching $48.21. 254,115 shares of the company traded hands, compared to its average volume of 206,525. The company has a 50 day moving average of $49.37 and a 200 day moving average of $50.45. 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 Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.1590 dividend. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.1580. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.0%.

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.