IHT Wealth Management LLC Sells 1,761 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

IHT Wealth Management LLC reduced its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 13.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,339 shares of the company’s stock after selling 1,761 shares during the period. IHT Wealth Management LLC’s holdings in First Trust Managed Municipal ETF were worth $578,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in First Trust Managed Municipal ETF in the fourth quarter worth about $58,677,000. Independent Advisor Alliance acquired a new stake in First Trust Managed Municipal ETF in the 4th quarter worth approximately $14,829,000. Brady Martz Wealth Solutions LLC purchased a new stake in First Trust Managed Municipal ETF during the 4th quarter worth approximately $6,440,000. Larson Financial Group LLC increased its stake in First Trust Managed Municipal ETF by 44.7% during the 4th quarter. Larson Financial Group LLC now owns 276,049 shares of the company’s stock valued at $14,081,000 after purchasing an additional 85,293 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of First Trust Managed Municipal ETF in the fourth quarter worth $3,560,000.

First Trust Managed Municipal ETF Price Performance

Shares of FMB opened at $49.68 on Friday. The company’s fifty day moving average price is $50.46 and its 200-day moving average price is $50.97. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.141 per share. This represents a $1.69 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14.

About First Trust Managed Municipal ETF

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.