Private Trust Co. NA Decreases Stake in First Trust Managed Municipal ETF $FMB

Private Trust Co. NA reduced its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 45.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 9,398 shares of the company’s stock after selling 7,920 shares during the period. Private Trust Co. NA’s holdings in First Trust Managed Municipal ETF were worth $468,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. LPL Financial LLC boosted its position in shares of First Trust Managed Municipal ETF by 3.7% during the 1st quarter. LPL Financial LLC now owns 2,179,768 shares of the company’s stock worth $109,909,000 after purchasing an additional 77,992 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust Managed Municipal ETF by 0.6% during the 1st quarter. Raymond James Financial Inc. now owns 1,157,297 shares of the company’s stock worth $58,353,000 after purchasing an additional 6,985 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of First Trust Managed Municipal ETF by 2.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 621,617 shares of the company’s stock worth $31,343,000 after purchasing an additional 16,676 shares in the last quarter. Royal Bank of Canada boosted its position in shares of First Trust Managed Municipal ETF by 1.4% during the 1st quarter. Royal Bank of Canada now owns 619,572 shares of the company’s stock worth $31,240,000 after purchasing an additional 8,529 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of First Trust Managed Municipal ETF by 45.6% during the 1st quarter. NewEdge Advisors LLC now owns 455,622 shares of the company’s stock worth $22,973,000 after buying an additional 142,668 shares during the last quarter.

First Trust Managed Municipal ETF Stock Down 0.1%

NASDAQ:FMB opened at $51.24 on Monday. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $51.99. The stock has a fifty day simple moving average of $50.41 and a 200-day simple moving average of $49.93.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.146 per share. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Thursday, September 25th. This represents a c) annualized dividend and a dividend yield of 3.4%.

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.