Focus Partners Advisor Solutions LLC Trims Stock Position in First Trust Managed Municipal ETF $FMB

Focus Partners Advisor Solutions LLC cut its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,531 shares of the company’s stock after selling 12,245 shares during the period. Focus Partners Advisor Solutions LLC owned approximately 0.36% of First Trust Managed Municipal ETF worth $6,802,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FMB. Wealth Enhancement Advisory Services LLC raised its stake in First Trust Managed Municipal ETF by 7.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 24,163 shares of the company’s stock worth $1,218,000 after purchasing an additional 1,772 shares during the period. Oppenheimer & Co. Inc. raised its stake in First Trust Managed Municipal ETF by 15.6% during the first quarter. Oppenheimer & Co. Inc. now owns 7,398 shares of the company’s stock worth $373,000 after purchasing an additional 1,000 shares during the period. Philip James Wealth Mangement LLC grew its holdings in shares of First Trust Managed Municipal ETF by 97.2% during the 1st quarter. Philip James Wealth Mangement LLC now owns 21,418 shares of the company’s stock worth $1,080,000 after purchasing an additional 10,557 shares during the period. Financial Futures Ltd Liability Co. purchased a new position in shares of First Trust Managed Municipal ETF during the 1st quarter worth $209,000. Finally, Naviter Wealth LLC grew its holdings in shares of First Trust Managed Municipal ETF by 13.1% during the 1st quarter. Naviter Wealth LLC now owns 47,616 shares of the company’s stock worth $2,405,000 after purchasing an additional 5,532 shares during the period.

First Trust Managed Municipal ETF Trading Up 0.1%

NASDAQ FMB opened at $51.24 on Friday. First Trust Managed Municipal ETF has a twelve month low of $48.19 and a twelve month high of $51.99. The stock has a fifty day simple moving average of $50.55 and a 200-day simple moving average of $49.98.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be issued a dividend of $0.146 per share. The ex-dividend date is Tuesday, October 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%.

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.