First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Comerica Bank

Comerica Bank trimmed its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 9.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,022 shares of the company’s stock after selling 8,588 shares during the period. Comerica Bank owned approximately 0.20% of First Trust Managed Municipal ETF worth $3,980,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Tucker Asset Management LLC boosted its stake in First Trust Managed Municipal ETF by 933.3% during the fourth quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock valued at $30,000 after buying an additional 532 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth $108,000. Pinnacle Bancorp Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 152.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after purchasing an additional 1,300 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of First Trust Managed Municipal ETF by 177.8% in the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after purchasing an additional 1,778 shares during the period. Finally, TrueWealth Advisors LLC purchased a new position in First Trust Managed Municipal ETF in the 4th quarter worth about $207,000.

First Trust Managed Municipal ETF Trading Up 0.3 %

Shares of FMB opened at $49.83 on Wednesday. The company has a 50-day moving average of $50.25 and a two-hundred day moving average of $50.87. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were paid a $0.141 dividend. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. The ex-dividend date was Tuesday, April 22nd. This represents a $1.69 dividend on an annualized basis and a yield of 3.40%.

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.