First Heartland Consultants Inc. Decreases Stock Holdings in First Trust Managed Municipal ETF $FMB

First Heartland Consultants Inc. cut its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 10.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,371 shares of the company’s stock after selling 12,976 shares during the quarter. First Heartland Consultants Inc.’s holdings in First Trust Managed Municipal ETF were worth $5,900,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ameritas Investment Partners Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 3.0% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 9,207 shares of the company’s stock valued at $467,000 after buying an additional 264 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in First Trust Managed Municipal ETF during the third quarter valued at approximately $1,415,000. OneDigital Investment Advisors LLC lifted its position in First Trust Managed Municipal ETF by 0.8% during the third quarter. OneDigital Investment Advisors LLC now owns 558,418 shares of the company’s stock valued at $28,313,000 after acquiring an additional 4,499 shares during the last quarter. Citigroup Inc. boosted its stake in First Trust Managed Municipal ETF by 13.9% in the third quarter. Citigroup Inc. now owns 180,647 shares of the company’s stock valued at $9,159,000 after acquiring an additional 21,979 shares in the last quarter. Finally, Coyle Financial Counsel LLC grew its holdings in First Trust Managed Municipal ETF by 12.3% in the third quarter. Coyle Financial Counsel LLC now owns 6,027 shares of the company’s stock worth $306,000 after purchasing an additional 661 shares during the last quarter.

First Trust Managed Municipal ETF Stock Up 0.1%

Shares of FMB stock opened at $51.82 on Tuesday. First Trust Managed Municipal ETF has a 12-month low of $48.19 and a 12-month high of $51.90. The business’s fifty day simple moving average is $51.40 and its 200-day simple moving average is $50.98.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a $0.155 dividend. This represents a c) dividend on an annualized basis and a yield of 3.6%. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15. The ex-dividend date is Friday, February 20th.

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.