First Trust Managed Municipal ETF $FMB Stock Sold by Landmark Wealth Management LLC

Landmark Wealth Management LLC lowered its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 40.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,057 shares of the company’s stock after selling 28,815 shares during the period. Landmark Wealth Management LLC owned 0.11% of First Trust Managed Municipal ETF worth $2,061,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FMB. Avantax Planning Partners Inc. purchased a new stake in First Trust Managed Municipal ETF during the 3rd quarter worth about $46,615,000. Ashton Thomas Private Wealth LLC boosted its position in shares of First Trust Managed Municipal ETF by 3.5% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 36,258 shares of the company’s stock worth $1,735,000 after acquiring an additional 1,238 shares in the last quarter. Westside Investment Management Inc. raised its position in shares of First Trust Managed Municipal ETF by 4.3% during the 3rd quarter. Westside Investment Management Inc. now owns 74,000 shares of the company’s stock worth $3,544,000 after acquiring an additional 3,050 shares in the last quarter. Kestra Advisory Services LLC raised its position in shares of First Trust Managed Municipal ETF by 8.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 178,128 shares of the company’s stock worth $8,525,000 after acquiring an additional 14,115 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter worth about $17,671,000.

First Trust Managed Municipal ETF Stock Performance

FMB stock opened at $49.89 on Monday. The business has a 50 day moving average price of $48.87 and a 200 day moving average price of $50.54. First Trust Managed Municipal ETF has a fifty-two week low of $47.38 and a fifty-two week high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were paid a $0.1590 dividend. This represents a $1.91 annualized dividend and a yield of 3.8%. The ex-dividend date was Wednesday, October 21st.

First Trust Managed Municipal ETF 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.