First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lessened its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 24.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,778 shares of the company’s stock after selling 7,799 shares during the period. Kestra Private Wealth Services LLC owned about 0.06% of First Trust Managed Municipal ETF worth $1,228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. Independence Bank of Kentucky purchased a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth $27,000. CENTRAL TRUST Co grew its stake 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 valued at $49,000 after acquiring an additional 580 shares in the last quarter. NBC Securities Inc. acquired a new stake in First Trust Managed Municipal ETF in the 3rd quarter valued at about $73,000. AdvisorNet Financial Inc lifted its stake in 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 worth $75,000 after purchasing an additional 307 shares in the last quarter. Finally, VitalStone Financial LLC lifted its stake in First Trust Managed Municipal ETF by 60.2% in 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 in the last quarter.

First Trust Managed Municipal ETF Stock Up 0.2 %

Shares of FMB opened at $51.03 on Friday. First Trust Managed Municipal ETF has a 52-week low of $48.08 and a 52-week high of $51.77. The stock has a fifty day simple moving average of $51.21 and a two-hundred day simple moving average of $50.81.

First Trust Managed Municipal ETF Announces Dividend

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

About First Trust Managed Municipal ETF

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.