Integrated Wealth Concepts LLC Sells 22,380 Shares of First Trust Managed Municipal ETF $FMB

Integrated Wealth Concepts LLC cut its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 52.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,358 shares of the company’s stock after selling 22,380 shares during the quarter. Integrated Wealth Concepts LLC owned 0.05% of First Trust Managed Municipal ETF worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IMG Wealth Management Inc. bought a new stake in shares of First Trust Managed Municipal ETF during the 1st quarter valued at approximately $65,000. GAMMA Investing LLC boosted its position in First Trust Managed Municipal ETF by 4,941.9% during the 1st quarter. GAMMA Investing LLC now owns 1,563 shares of the company’s stock worth $79,000 after buying an additional 1,532 shares during the period. Hanson & Doremus Investment Management acquired a new stake in First Trust Managed Municipal ETF during the 1st quarter worth approximately $113,000. NBC Securities Inc. boosted its position in First Trust Managed Municipal ETF by 119,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,382 shares of the company’s stock worth $120,000 after buying an additional 2,380 shares during the period. Finally, Advisor Resource Council acquired a new stake in First Trust Managed Municipal ETF during the 1st quarter worth approximately $202,000.

First Trust Managed Municipal ETF Trading Up 0.4%

NASDAQ:FMB opened at $50.79 on Friday. The firm’s 50 day simple moving average is $49.76 and its 200 day simple moving average is $49.96. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 21st were given a dividend of $0.144 per share. The ex-dividend date was Thursday, August 21st. This represents a c) annualized dividend and a 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.