First Trust Managed Municipal ETF $FMB Shares Sold by Osaic Holdings Inc.

Osaic Holdings Inc. decreased its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 452,758 shares of the company’s stock after selling 42,387 shares during the period. Osaic Holdings Inc.’s holdings in First Trust Managed Municipal ETF were worth $22,557,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Evolution Wealth Management Inc. bought a new position in First Trust Managed Municipal ETF during the second quarter worth $27,000. Total Investment Management Inc. acquired a new stake in shares of First Trust Managed Municipal ETF during the second quarter worth $27,000. Geneos Wealth Management Inc. raised its holdings in shares of First Trust Managed Municipal ETF by 200.0% during the second quarter. Geneos Wealth Management Inc. now owns 12,837 shares of the company’s stock worth $640,000 after purchasing an additional 8,558 shares during the period. Corient Private Wealth LLC bought a new position in shares of First Trust Managed Municipal ETF in the 2nd quarter worth about $259,000. Finally, Equitable Holdings Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 19.6% in the 2nd quarter. Equitable Holdings Inc. now owns 68,839 shares of the company’s stock valued at $3,430,000 after buying an additional 11,271 shares during the period.

First Trust Managed Municipal ETF Stock Up 0.1%

Shares of NASDAQ:FMB opened at $51.04 on Thursday. First Trust Managed Municipal ETF has a fifty-two week low of $48.19 and a fifty-two week high of $51.47. The firm has a 50-day simple moving average of $51.16 and a 200 day simple moving average of $50.38.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a $0.147 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 3.5%.

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.