First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,729,974 shares of the company’s stock after selling 3,447 shares during the quarter. Bank of America Corp DE owned approximately 4.37% of First Trust Managed Municipal ETF worth $88,246,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FMB. Raymond James Financial Inc. purchased a new position in First Trust Managed Municipal ETF in the 4th quarter valued at $58,677,000. Independent Advisor Alliance purchased a new position in First Trust Managed Municipal ETF in the 4th quarter valued at $14,829,000. Brady Martz Wealth Solutions LLC purchased a new position in First Trust Managed Municipal ETF in the 4th quarter valued at $6,440,000. Larson Financial Group LLC grew its position in First Trust Managed Municipal ETF by 44.7% in the 4th quarter. Larson Financial Group LLC now owns 276,049 shares of the company’s stock valued at $14,081,000 after buying an additional 85,293 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in First Trust Managed Municipal ETF in the 4th quarter valued at $3,560,000.

First Trust Managed Municipal ETF Trading Down 0.0%

NASDAQ:FMB opened at $49.79 on Monday. The firm’s fifty day moving average price is $50.16 and its 200 day moving average price is $50.84. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were given a $0.141 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 3.40%. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. The ex-dividend date was Tuesday, April 22nd.

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.