Atlas Private Wealth Advisors Has $1.50 Million Holdings in First Trust Managed Municipal ETF $FMB

Atlas Private Wealth Advisors lessened its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 55.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,479 shares of the company’s stock after selling 36,381 shares during the period. Atlas Private Wealth Advisors owned about 0.08% of First Trust Managed Municipal ETF worth $1,495,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Miracle Mile Advisors LLC boosted its position in shares of First Trust Managed Municipal ETF by 50.3% during the third quarter. Miracle Mile Advisors LLC now owns 1,070,100 shares of the company’s stock worth $54,256,000 after buying an additional 358,121 shares during the period. Jane Street Group LLC lifted its stake in First Trust Managed Municipal ETF by 2,668.1% in the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock valued at $9,557,000 after acquiring an additional 182,683 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in First Trust Managed Municipal ETF by 37.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 255,039 shares of the company’s stock worth $12,706,000 after acquiring an additional 68,909 shares during the last quarter. Dohj LLC boosted its position in First Trust Managed Municipal ETF by 396.1% during the 2nd quarter. Dohj LLC now owns 85,286 shares of the company’s stock worth $4,214,000 after acquiring an additional 68,096 shares during the last quarter. Finally, Avantax Planning Partners Inc. grew its stake in shares of First Trust Managed Municipal ETF by 7.6% during the 3rd quarter. Avantax Planning Partners Inc. now owns 899,949 shares of the company’s stock worth $45,629,000 after acquiring an additional 63,619 shares in the last quarter.

First Trust Managed Municipal ETF Trading Up 0.1%

NASDAQ FMB opened at $51.42 on Friday. The firm’s 50 day moving average is $51.20 and its 200-day moving average is $50.71. First Trust Managed Municipal ETF has a 12-month low of $48.19 and a 12-month high of $51.54.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were paid a $0.154 dividend. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date was Wednesday, January 21st. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15.

First Trust Managed Municipal ETF 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.