D.A. Davidson & CO. Lowers Stake in First Trust Managed Municipal ETF $FMB

D.A. Davidson & CO. reduced its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 27.4% during the 4th quarter, HoldingsChannel reports. The fund owned 35,155 shares of the company’s stock after selling 13,297 shares during the period. D.A. Davidson & CO.’s holdings in First Trust Managed Municipal ETF were worth $1,798,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ameriflex Group Inc. purchased a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter worth about $40,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter worth about $45,000. PNC Financial Services Group Inc. purchased a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter worth about $51,000. Evolution Wealth Management Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 196.0% during the 3rd quarter. Evolution Wealth Management Inc. now owns 1,631 shares of the company’s stock worth $83,000 after acquiring an additional 1,080 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of First Trust Managed Municipal ETF by 39.1% during the 3rd quarter. Fifth Third Bancorp now owns 2,474 shares of the company’s stock worth $125,000 after acquiring an additional 696 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

FMB opened at $51.11 on Friday. First Trust Managed Municipal ETF has a twelve month low of $49.28 and a twelve month high of $52.03. The company has a 50-day moving average price of $51.22 and a 200 day moving average price of $51.26.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were given a dividend of $0.156 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Tuesday, April 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.