Landmark Wealth Management LLC Sells 28,815 Shares of First Trust Managed Municipal ETF $FMB

Landmark Wealth Management LLC reduced its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 40.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,057 shares of the company’s stock after selling 28,815 shares during the quarter. Landmark Wealth Management LLC’s holdings in First Trust Managed Municipal ETF were worth $2,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kintra Wealth LLC boosted its stake in First Trust Managed Municipal ETF by 1.2% in the second quarter. Kintra Wealth LLC now owns 18,958 shares of the company’s stock valued at $962,000 after acquiring an additional 216 shares in the last quarter. Waverly Advisors LLC increased its holdings in shares of 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 valued at $3,275,000 after acquiring an additional 233 shares during the period. IMG Wealth Management Inc. increased its holdings in shares of First Trust Managed Municipal ETF by 6.4% in the 3rd quarter. IMG Wealth Management Inc. now owns 4,303 shares of the company’s stock valued at $206,000 after acquiring an additional 257 shares during the period. World Investment Advisors increased its holdings in shares of First Trust Managed Municipal ETF by 3.7% in the 1st quarter. World Investment Advisors now owns 8,410 shares of the company’s stock valued at $426,000 after acquiring an additional 302 shares during the period. Finally, Heck Capital Advisors LLC raised its position in First Trust Managed Municipal ETF by 0.8% in the 2nd quarter. Heck Capital Advisors LLC now owns 42,983 shares of the company’s stock valued at $2,208,000 after purchasing an additional 320 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

FMB stock opened at $49.89 on Monday. The company has a fifty day moving average price of $48.87 and a 200 day moving average price of $50.54. First Trust Managed Municipal ETF has a 12 month low of $47.38 and a 12 month high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

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

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.