49,000 First Trust Managed Municipal ETF $FMB Shares Sold by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC decreased its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 86.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,500 shares of the company’s stock after selling 49,000 shares during the quarter. Lake Street Private Wealth LLC’s holdings in First Trust Managed Municipal ETF were worth $359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Continuum Advisory LLC purchased a new position in First Trust Managed Municipal ETF during the second quarter valued at $29,000. Frazier Financial Advisors LLC purchased a new stake in First Trust Managed Municipal ETF in the 1st quarter worth $31,000. PFS Partners LLC lifted its stake in First Trust Managed Municipal ETF by 279.6% in the 3rd quarter. PFS Partners LLC now owns 706 shares of the company’s stock worth $34,000 after purchasing an additional 520 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in First Trust Managed Municipal ETF in the 1st quarter worth $53,000. Finally, Legacy Wealth Managment LLC ID boosted its holdings in shares of First Trust Managed Municipal ETF by 339.0% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,374 shares of the company’s stock valued at $70,000 after purchasing an additional 1,061 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

FMB opened at $49.07 on Friday. The firm has a 50-day simple moving average of $49.02 and a two-hundred day simple moving average of $50.32. 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 Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 21st will be given a $0.1590 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, October 21st.

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.