Private Advisor Group LLC Sells 21,962 Shares of First Trust Managed Municipal ETF $FMB

Private Advisor Group LLC lowered its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 16.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,909 shares of the company’s stock after selling 21,962 shares during the period. Private Advisor Group LLC owned about 0.29% of First Trust Managed Municipal ETF worth $5,471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in 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 acquiring an additional 182,683 shares in the last quarter. Security Financial Services INC. increased its position in First Trust Managed Municipal ETF by 13.6% during the 2nd quarter. Security Financial Services INC. now owns 12,650 shares of the company’s stock valued at $630,000 after purchasing an additional 1,513 shares during the period. Cetera Investment Advisers raised its holdings in shares of First Trust Managed Municipal ETF by 15.2% in the 2nd quarter. Cetera Investment Advisers now owns 256,842 shares of the company’s stock valued at $12,796,000 after purchasing an additional 33,820 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of First Trust Managed Municipal ETF by 37.0% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 255,039 shares of the company’s stock valued at $12,706,000 after purchasing an additional 68,909 shares in the last quarter. Finally, PKS Advisory Services LLC lifted its position in shares of First Trust Managed Municipal ETF by 20.3% in the 2nd quarter. PKS Advisory Services LLC now owns 19,471 shares of the company’s stock worth $970,000 after purchasing an additional 3,279 shares during the period.

First Trust Managed Municipal ETF Trading Down 0.3%

NASDAQ FMB opened at $51.21 on Friday. The firm’s 50 day moving average price is $51.55 and its 200-day moving average price is $51.13. First Trust Managed Municipal ETF has a 52-week low of $48.19 and a 52-week high of $52.03.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a dividend of $0.155 per share. 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%. The ex-dividend date was 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.