Stratos Wealth Advisors LLC Sells 1,434 Shares of First Trust Managed Municipal ETF $FMB

Stratos Wealth Advisors LLC cut its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 20.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,481 shares of the company’s stock after selling 1,434 shares during the period. Stratos Wealth Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $273,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Flaharty Asset Management LLC bought a new position in shares of First Trust Managed Municipal ETF in the first quarter valued at approximately $58,000. IMG Wealth Management Inc. bought a new position in shares of First Trust Managed Municipal ETF in the first quarter valued at approximately $65,000. GAMMA Investing LLC grew its holdings in shares of 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 acquiring an additional 1,532 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of First Trust Managed Municipal ETF by 18.7% in the second quarter. Pinnacle Bancorp Inc. now owns 2,552 shares of the company’s stock valued at $127,000 after acquiring an additional 402 shares in the last quarter. Finally, Advisor Resource Council bought a new position in shares of First Trust Managed Municipal ETF in the first quarter valued at approximately $202,000.

First Trust Managed Municipal ETF Stock Up 0.1%

FMB stock opened at $51.29 on Tuesday. The business has a 50 day moving average of $50.44 and a 200-day moving average of $49.94. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $51.99.

First Trust Managed Municipal ETF Increases Dividend

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

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.