First Trust Managed Municipal ETF $FMB Shares Sold by True Blue Financial LLC

True Blue Financial LLC reduced its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 259,546 shares of the company’s stock after selling 22,432 shares during the period. First Trust Managed Municipal ETF makes up approximately 4.6% of True Blue Financial LLC’s portfolio, making the stock its 5th biggest holding. True Blue Financial LLC’s holdings in First Trust Managed Municipal ETF were worth $12,422,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FMB. Triumph Capital Management lifted its holdings in shares of First Trust Managed Municipal ETF by 4.4% in the 3rd quarter. Triumph Capital Management now owns 11,844 shares of the company’s stock valued at $567,000 after buying an additional 500 shares during the period. ABLE Financial Group LLC grew its holdings in First Trust Managed Municipal ETF by 21.2% during the third quarter. ABLE Financial Group LLC now owns 78,541 shares of the company’s stock worth $3,759,000 after acquiring an additional 13,712 shares during the period. Friday Financial grew its holdings in First Trust Managed Municipal ETF by 4.2% during the third quarter. Friday Financial now owns 37,373 shares of the company’s stock worth $1,800,000 after acquiring an additional 1,519 shares during the period. Insight Wealth Strategies LLC raised its position in First Trust Managed Municipal ETF by 3.4% during the third quarter. Insight Wealth Strategies LLC now owns 28,905 shares of the company’s stock valued at $1,383,000 after acquiring an additional 963 shares in the last quarter. Finally, First Heartland Consultants Inc. purchased a new position in First Trust Managed Municipal ETF during the third quarter valued at approximately $8,478,000.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ:FMB opened at $48.65 on Friday. First Trust Managed Municipal ETF has a 12-month low of $47.38 and a 12-month high of $52.03. The business has a 50 day moving average of $49.25 and a two-hundred day moving average of $50.41.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.1590 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.1580.

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.