First Trust Managed Municipal ETF $FMB Holdings Cut by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group decreased its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 81.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,861 shares of the company’s stock after selling 42,194 shares during the quarter. Rehmann Capital Advisory Group’s holdings in First Trust Managed Municipal ETF were worth $491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Security Financial Services INC. lifted its position in First Trust Managed Municipal ETF by 2.0% in the 1st quarter. Security Financial Services INC. now owns 11,137 shares of the company’s stock worth $562,000 after buying an additional 223 shares in the last quarter. Main Line Retirement Advisors LLC lifted its position in First Trust Managed Municipal ETF by 0.7% in the 1st quarter. Main Line Retirement Advisors LLC now owns 50,094 shares of the company’s stock worth $2,526,000 after buying an additional 330 shares in the last quarter. Arkansas Financial Group Inc. lifted its position in First Trust Managed Municipal ETF by 0.3% in the 2nd quarter. Arkansas Financial Group Inc. now owns 124,613 shares of the company’s stock worth $6,212,000 after buying an additional 362 shares in the last quarter. Pinnacle Bancorp Inc. lifted its position in First Trust Managed Municipal ETF by 18.7% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 2,552 shares of the company’s stock worth $127,000 after buying an additional 402 shares in the last quarter. Finally, Sentinel Pension Advisors LLC lifted its position in First Trust Managed Municipal ETF by 0.8% in the 2nd quarter. Sentinel Pension Advisors LLC now owns 56,099 shares of the company’s stock worth $2,795,000 after buying an additional 420 shares in the last quarter.

First Trust Managed Municipal ETF Trading Up 0.0%

FMB stock opened at $51.21 on Friday. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $51.99. The company has a 50 day moving average of $50.52 and a two-hundred day moving average of $49.96.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be issued a dividend of $0.146 per share. The ex-dividend date is Tuesday, October 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%.

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.