Stratos Wealth Partners LTD. Reduces Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Stratos Wealth Partners LTD. decreased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 33.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 30,687 shares of the company’s stock after selling 15,180 shares during the period. Stratos Wealth Partners LTD.’s holdings in First Trust Managed Municipal ETF were worth $1,547,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Tucker Asset Management LLC boosted its position in First Trust Managed Municipal ETF by 933.3% in the fourth quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock valued at $30,000 after buying an additional 532 shares during the last quarter. IMG Wealth Management Inc. purchased a new stake in First Trust Managed Municipal ETF in the first quarter valued at approximately $65,000. GAMMA Investing LLC boosted its position in First Trust Managed Municipal ETF by 4,941.9% in the first quarter. GAMMA Investing LLC now owns 1,563 shares of the company’s stock valued at $79,000 after buying an additional 1,532 shares during the last quarter. Hanson & Doremus Investment Management purchased a new stake in First Trust Managed Municipal ETF in the first quarter valued at approximately $113,000. Finally, NBC Securities Inc. boosted its position in First Trust Managed Municipal ETF by 119,000.0% in the first quarter. NBC Securities Inc. now owns 2,382 shares of the company’s stock valued at $120,000 after buying an additional 2,380 shares during the last quarter.

First Trust Managed Municipal ETF Trading Down 0.3%

Shares of NASDAQ FMB opened at $49.76 on Friday. The business’s 50 day moving average price is $49.75 and its 200 day moving average price is $50.34. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a $0.144 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.73 dividend on an annualized basis and a yield of 3.47%. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14.

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.