Sequoia Financial Advisors LLC Has $8.27 Million Holdings in First Trust Managed Municipal ETF $FMB

Sequoia Financial Advisors LLC decreased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 28.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 163,065 shares of the company’s stock after selling 64,299 shares during the period. Sequoia Financial Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $8,268,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FMB. Miracle Mile Advisors LLC increased its stake in First Trust Managed Municipal ETF by 50.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,070,100 shares of the company’s stock valued at $54,256,000 after buying an additional 358,121 shares during the last quarter. Jane Street Group LLC increased its position in shares of First Trust Managed Municipal ETF by 2,668.1% in the first quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock valued at $9,557,000 after acquiring an additional 182,683 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of First Trust Managed Municipal ETF by 37.0% in the second quarter. Rockefeller Capital Management L.P. now owns 255,039 shares of the company’s stock valued at $12,706,000 after acquiring an additional 68,909 shares during the last quarter. Dohj LLC raised its holdings in First Trust Managed Municipal ETF by 396.1% during the second quarter. Dohj LLC now owns 85,286 shares of the company’s stock worth $4,214,000 after acquiring an additional 68,096 shares in the last quarter. Finally, Truist Financial Corp boosted its position in First Trust Managed Municipal ETF by 13.6% during the second quarter. Truist Financial Corp now owns 371,440 shares of the company’s stock valued at $18,505,000 after purchasing an additional 44,362 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

FMB stock opened at $51.46 on Monday. First Trust Managed Municipal ETF has a twelve month low of $48.19 and a twelve month high of $51.54. The business has a 50 day moving average price of $51.19 and a two-hundred day moving average price of $50.62.

First Trust Managed Municipal ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.147 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, December 12th.

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.