First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. trimmed its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,867 shares of the company’s stock after selling 389 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in First Trust Managed Municipal ETF were worth $510,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Independence Bank of Kentucky purchased a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at about $27,000. CENTRAL TRUST Co grew its holdings in First Trust Managed Municipal ETF by 140.1% during the 3rd quarter. CENTRAL TRUST Co now owns 994 shares of the company’s stock worth $49,000 after acquiring an additional 580 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter valued at approximately $73,000. AdvisorNet Financial Inc raised its holdings in shares of First Trust Managed Municipal ETF by 26.9% in the 4th quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock valued at $75,000 after purchasing an additional 307 shares in the last quarter. Finally, VitalStone Financial LLC lifted its position in shares of First Trust Managed Municipal ETF by 60.2% during the 3rd quarter. VitalStone Financial LLC now owns 2,787 shares of the company’s stock worth $137,000 after purchasing an additional 1,047 shares during the last quarter.

First Trust Managed Municipal ETF Trading Up 0.2 %

Shares of FMB stock opened at $51.03 on Friday. First Trust Managed Municipal ETF has a 12 month low of $48.08 and a 12 month high of $51.77. The firm has a fifty day moving average price of $51.21 and a 200 day moving average price of $50.83.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th were given a dividend of $0.135 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $1.62 annualized dividend and a dividend yield of 3.17%.

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.