Prestige Wealth Management Group LLC Sells 12,843 Shares of First Trust Managed Municipal ETF $FMB

Prestige Wealth Management Group LLC reduced its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,006 shares of the company’s stock after selling 12,843 shares during the quarter. First Trust Managed Municipal ETF accounts for 0.7% of Prestige Wealth Management Group LLC’s portfolio, making the stock its 29th biggest holding. Prestige Wealth Management Group LLC’s holdings in First Trust Managed Municipal ETF were worth $3,784,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FMB. Jane Street Group LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 2,668.1% during the first quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock valued at $9,557,000 after purchasing an additional 182,683 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 0.9% during the second quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock valued at $1,544,000 after purchasing an additional 266 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in First Trust Managed Municipal ETF during the second quarter valued at $125,000. Main Street Financial Solutions LLC purchased a new stake in First Trust Managed Municipal ETF during the second quarter valued at $805,000. Finally, Raymond James Financial Inc. increased its position in First Trust Managed Municipal ETF by 2.9% during the second quarter. Raymond James Financial Inc. now owns 1,191,423 shares of the company’s stock valued at $59,357,000 after acquiring an additional 34,126 shares during the last quarter.

First Trust Managed Municipal ETF Trading Up 0.1%

First Trust Managed Municipal ETF stock opened at $51.30 on Friday. First Trust Managed Municipal ETF has a one year low of $49.28 and a one year high of $52.03. The stock has a fifty day moving average of $51.01 and a 200 day moving average of $51.23.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were given a dividend of $0.156 per share. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Thursday, May 21st.

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.