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

Atlas Private Wealth Advisors lessened its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 55.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,479 shares of the company’s stock after selling 36,381 shares during the period. Atlas Private Wealth Advisors’ holdings in First Trust Managed Municipal ETF were worth $1,495,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FMB. Jane Street Group LLC increased its position in shares of First Trust Managed Municipal ETF by 2,668.1% during the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock worth $9,557,000 after purchasing an additional 182,683 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of First Trust Managed Municipal ETF by 4.5% in the second quarter. Janney Montgomery Scott LLC now owns 336,696 shares of the company’s stock valued at $16,774,000 after buying an additional 14,649 shares in the last quarter. Truist Financial Corp increased its holdings in First Trust Managed Municipal ETF by 13.6% during the second quarter. Truist Financial Corp now owns 371,440 shares of the company’s stock worth $18,505,000 after buying an additional 44,362 shares during the last quarter. Pure Financial Advisors LLC acquired a new position in First Trust Managed Municipal ETF during the second quarter worth $409,000. Finally, Investment Planning Advisors Inc. raised its position in First Trust Managed Municipal ETF by 1.0% during the second quarter. Investment Planning Advisors Inc. now owns 58,234 shares of the company’s stock worth $2,901,000 after acquiring an additional 588 shares in the last quarter.

First Trust Managed Municipal ETF Trading Up 0.1%

Shares of FMB stock opened at $51.42 on Friday. The company has a fifty day moving average price of $51.20 and a two-hundred day moving average price of $50.71. First Trust Managed Municipal ETF has a one year low of $48.19 and a one year 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. Investors of record on Wednesday, January 21st were issued a dividend of $0.154 per share. 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. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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.