Magnus Financial Group LLC Trims Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Magnus Financial Group LLC reduced its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 62.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 112,641 shares of the company’s stock after selling 184,467 shares during the quarter. First Trust Managed Municipal ETF makes up approximately 0.8% of Magnus Financial Group LLC’s investment portfolio, making the stock its 29th biggest position. Magnus Financial Group LLC owned approximately 0.29% of First Trust Managed Municipal ETF worth $5,820,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. RFG Advisory LLC increased its stake in shares of First Trust Managed Municipal ETF by 916.2% in the fourth quarter. RFG Advisory LLC now owns 194,688 shares of the company’s stock worth $10,058,000 after purchasing an additional 175,530 shares in the last quarter. Stock Yards Bank & Trust Co. increased its stake in First Trust Managed Municipal ETF by 37.7% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 40,557 shares of the company’s stock worth $2,095,000 after buying an additional 11,110 shares in the last quarter. Grant GrossMendelsohn LLC raised its holdings in First Trust Managed Municipal ETF by 2.5% during the fourth quarter. Grant GrossMendelsohn LLC now owns 30,646 shares of the company’s stock valued at $1,568,000 after acquiring an additional 745 shares during the period. Frisch Financial Group Inc. lifted its position in shares of First Trust Managed Municipal ETF by 2.4% in the third quarter. Frisch Financial Group Inc. now owns 245,074 shares of the company’s stock valued at $11,979,000 after acquiring an additional 5,650 shares in the last quarter. Finally, Insight Wealth Strategies LLC boosted its stake in shares of First Trust Managed Municipal ETF by 6.8% in the fourth quarter. Insight Wealth Strategies LLC now owns 32,348 shares of the company’s stock worth $1,671,000 after acquiring an additional 2,055 shares during the period.

First Trust Managed Municipal ETF Trading Up 0.0 %

FMB stock traded up $0.02 during midday trading on Friday, hitting $50.71. The company’s stock had a trading volume of 116,027 shares, compared to its average volume of 164,061. First Trust Managed Municipal ETF has a 12 month low of $48.08 and a 12 month high of $51.77. The company has a 50 day moving average of $51.27 and a two-hundred day moving average of $50.76.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.19%.

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.