NewEdge Advisors LLC Sells 57,189 Shares of First Trust Managed Municipal ETF $FMB

NewEdge Advisors LLC trimmed its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 14.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 348,652 shares of the company’s stock after selling 57,189 shares during the quarter. NewEdge Advisors LLC owned 0.89% of First Trust Managed Municipal ETF worth $17,663,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the first quarter worth $31,000. PNC Financial Services Group Inc. acquired a new position in shares of First Trust Managed Municipal ETF in the third quarter valued at about $51,000. Ascentis Independent Advisors bought a new position in First Trust Managed Municipal ETF during the first quarter worth about $53,000. Tucker Asset Management LLC bought a new position in First Trust Managed Municipal ETF during the fourth quarter worth about $54,000. Finally, Hazlett Burt & Watson Inc. increased its position in First Trust Managed Municipal ETF by 38.9% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,250 shares of the company’s stock worth $64,000 after acquiring an additional 350 shares during the period.

First Trust Managed Municipal ETF Trading Down 0.2%

Shares of First Trust Managed Municipal ETF stock opened at $50.39 on Thursday. First Trust Managed Municipal ETF has a twelve month low of $49.36 and a twelve month high of $52.03. The company has a 50-day simple moving average of $51.10 and a two-hundred day simple moving average of $51.23.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be given a $0.157 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, July 21st.

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.