First Trust Managed Municipal ETF (NASDAQ:FMB) Sets New 12-Month Low – Time to Sell?

First Trust Managed Municipal ETF (NASDAQ:FMB)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $48.95 and last traded at $49.04, with a volume of 988767 shares trading hands. The stock had previously closed at $49.13.

First Trust Managed Municipal ETF Stock Performance

The firm has a 50-day moving average of $50.23 and a 200 day moving average of $50.83.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were paid a $0.158 dividend. The ex-dividend date was Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 3.9%. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16.

Institutional Investors Weigh In On First Trust Managed Municipal ETF

Large investors have recently bought and sold shares of the stock. Kintra Wealth LLC lifted its holdings in First Trust Managed Municipal ETF by 1.2% during the 2nd quarter. Kintra Wealth LLC now owns 18,958 shares of the company’s stock valued at $962,000 after buying an additional 216 shares in the last quarter. Waverly Advisors LLC grew its stake in First Trust Managed Municipal ETF by 0.4% in the 2nd quarter. Waverly Advisors LLC now owns 63,752 shares of the company’s stock worth $3,275,000 after acquiring an additional 233 shares in the last quarter. Forum Private Client Group LLC grew its stake in First Trust Managed Municipal ETF by 2.2% in the 4th quarter. Forum Private Client Group LLC now owns 12,387 shares of the company’s stock worth $633,000 after acquiring an additional 272 shares in the last quarter. World Investment Advisors increased its position in shares of First Trust Managed Municipal ETF by 3.7% during the first quarter. World Investment Advisors now owns 8,410 shares of the company’s stock worth $426,000 after acquiring an additional 302 shares during the period. Finally, Heck Capital Advisors LLC increased its position in shares of First Trust Managed Municipal ETF by 0.8% during the second quarter. Heck Capital Advisors LLC now owns 42,983 shares of the company’s stock worth $2,208,000 after acquiring an additional 320 shares during the period.

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.