First Trust Managed Municipal ETF $FMB Shares Sold by Intrua Financial LLC

Intrua Financial LLC decreased its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 63.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,456 shares of the company’s stock after selling 11,039 shares during the quarter. Intrua Financial LLC’s holdings in First Trust Managed Municipal ETF were worth $322,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC increased its position in shares of First Trust Managed Municipal ETF by 38.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 20,045 shares of the company’s stock valued at $1,011,000 after purchasing an additional 5,593 shares during the period. IFP Advisors Inc grew its holdings in First Trust Managed Municipal ETF by 6.6% during the first quarter. IFP Advisors Inc now owns 15,711 shares of the company’s stock worth $792,000 after acquiring an additional 966 shares during the period. AE Wealth Management LLC grew its holdings in First Trust Managed Municipal ETF by 49.8% during the first quarter. AE Wealth Management LLC now owns 11,521 shares of the company’s stock worth $581,000 after acquiring an additional 3,831 shares during the period. Journey Strategic Wealth LLC lifted its holdings in First Trust Managed Municipal ETF by 17.1% in the 1st quarter. Journey Strategic Wealth LLC now owns 140,860 shares of the company’s stock valued at $7,102,000 after acquiring an additional 20,600 shares during the last quarter. Finally, 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 valued at $31,343,000 after purchasing an additional 16,676 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

FMB stock opened at $51.15 on Friday. First Trust Managed Municipal ETF has a 12 month low of $48.19 and a 12 month high of $51.99. The firm has a 50 day simple moving average of $50.99 and a 200 day simple moving average of $50.16.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were given a dividend of $0.146 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Tuesday, October 21st.

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.