First Trust Managed Municipal ETF (NASDAQ:FMB) Reaches New 12-Month Low – Time to Sell?

First Trust Managed Municipal ETF (NASDAQ:FMB) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $49.57 and last traded at $49.60, with a volume of 249180 shares trading hands. The stock had previously closed at $49.65.

First Trust Managed Municipal ETF Stock Down 0.1%

The firm has a fifty day moving average price of $50.54 and a two-hundred day moving average price of $50.96.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were paid a $0.158 dividend. The ex-dividend date was Friday, August 21st. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Institutional Trading of First Trust Managed Municipal ETF

A number of large investors have recently made changes to their positions in the stock. True Blue Financial LLC boosted its position in First Trust Managed Municipal ETF by 8.7% in the 1st quarter. True Blue Financial LLC now owns 269,428 shares of the company’s stock valued at $13,649,000 after buying an additional 21,459 shares during the period. Hilton Head Capital Partners LLC purchased a new position in shares of First Trust Managed Municipal ETF during the fourth quarter worth approximately $675,000. Blackhawk Capital Partners LLC raised its stake in shares of First Trust Managed Municipal ETF by 53.1% during the first quarter. Blackhawk Capital Partners LLC now owns 114,133 shares of the company’s stock valued at $5,782,000 after acquiring an additional 39,581 shares in the last quarter. BCGM Wealth Management LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 13.4% in the first quarter. BCGM Wealth Management LLC now owns 138,020 shares of the company’s stock valued at $6,992,000 after purchasing an additional 16,267 shares during the period. Finally, Waverly Advisors LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 35.0% in the first quarter. Waverly Advisors LLC now owns 63,519 shares of the company’s stock valued at $3,218,000 after purchasing an additional 16,467 shares during the period.

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.