22,432 First Trust Managed Municipal ETF $FMB Shares Sold by True Blue Financial LLC

True Blue Financial LLC decreased its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,546 shares of the company’s stock after selling 22,432 shares during the period. First Trust Managed Municipal ETF makes up about 4.6% of True Blue Financial LLC’s portfolio, making the stock its 5th biggest holding. True Blue Financial LLC owned about 0.65% of First Trust Managed Municipal ETF worth $12,422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FMB. Bank of America Corp DE increased its holdings in shares of First Trust Managed Municipal ETF by 12.2% in the first quarter. Bank of America Corp DE now owns 2,046,794 shares of the company’s stock valued at $103,691,000 after purchasing an additional 221,955 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 16.1% during the second quarter. NewEdge Advisors LLC now owns 497,684 shares of the company’s stock worth $25,565,000 after purchasing an additional 68,875 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 11.3% during the first quarter. Janney Montgomery Scott LLC now owns 468,362 shares of the company’s stock worth $23,727,000 after purchasing an additional 47,710 shares during the period. Cetera Investment Advisers lifted its holdings in shares of First Trust Managed Municipal ETF by 2.1% during the first quarter. Cetera Investment Advisers now owns 418,100 shares of the company’s stock worth $21,181,000 after purchasing an additional 8,583 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 6.6% during the second quarter. Envestnet Asset Management Inc. now owns 345,208 shares of the company’s stock worth $17,732,000 after purchasing an additional 21,260 shares during the period.

First Trust Managed Municipal ETF Trading Up 0.8%

Shares of NASDAQ FMB opened at $48.65 on Friday. The business’s 50 day moving average price is $49.25 and its 200 day moving average price is $50.41. 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 firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.1590 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.91 dividend on an annualized basis and a yield of 3.9%. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.1580.

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.