First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Doyle Wealth Management

Doyle Wealth Management cut its position in First Trust Managed Municipal ETF (NASDAQ:FMBGet Rating) by 29.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,876 shares of the company’s stock after selling 3,744 shares during the quarter. Doyle Wealth Management’s holdings in First Trust Managed Municipal ETF were worth $471,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Confluence Wealth Services Inc. acquired a new position in First Trust Managed Municipal ETF during the 4th quarter worth approximately $62,000. First Horizon Advisors Inc. raised its stake in First Trust Managed Municipal ETF by 631.6% in the 4th quarter. First Horizon Advisors Inc. now owns 1,134 shares of the company’s stock valued at $64,000 after purchasing an additional 979 shares during the last quarter. Elequin Capital LP acquired a new stake in First Trust Managed Municipal ETF during the fourth quarter worth approximately $64,000. Tyler Stone Wealth Management purchased a new position in shares of First Trust Managed Municipal ETF during the 4th quarter worth $127,000. Finally, O Dell Group LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 41.7% during the first quarter. O Dell Group LLC now owns 2,547 shares of the company’s stock worth $135,000 after purchasing an additional 750 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

FMB opened at $50.26 on Friday. First Trust Managed Municipal ETF has a 1 year low of $49.97 and a 1 year high of $57.40. The company’s 50 day simple moving average is $51.21 and its 200 day simple moving average is $51.79.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 24th were given a $0.108 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.58%. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.11. The ex-dividend date was Tuesday, August 23rd.

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Institutional Ownership by Quarter for First Trust Managed Municipal ETF (NASDAQ:FMB)

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