Sequoia Financial Advisors LLC Sells 14,208 Shares of First Trust Managed Municipal ETF $FMB

Sequoia Financial Advisors LLC decreased its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 9.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 141,120 shares of the company’s stock after selling 14,208 shares during the period. Sequoia Financial Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $7,149,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new position in First Trust Managed Municipal ETF in the third quarter worth $51,000. Ascentis Independent Advisors acquired a new stake in shares of First Trust Managed Municipal ETF during the 1st quarter worth approximately $53,000. Tucker Asset Management LLC bought a new position in First Trust Managed Municipal ETF in the fourth quarter valued at approximately $54,000. Hazlett Burt & Watson Inc. boosted its stake in First Trust Managed Municipal ETF by 38.9% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,250 shares of the company’s stock valued at $64,000 after acquiring an additional 350 shares during the last quarter. Finally, Basepoint Wealth LLC acquired a new stake in First Trust Managed Municipal ETF during the 4th quarter worth $105,000.

First Trust Managed Municipal ETF Stock Performance

Shares of First Trust Managed Municipal ETF stock opened at $51.21 on Monday. The firm has a fifty day moving average of $51.17 and a two-hundred day moving average of $51.27. First Trust Managed Municipal ETF has a 52 week low of $49.28 and a 52 week high of $52.03.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.157 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Thursday, June 25th.

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.