Etesian Wealth Advisors Inc. Reduces Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Etesian Wealth Advisors Inc. lessened its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 81,743 shares of the company’s stock after selling 2,664 shares during the quarter. First Trust Managed Municipal ETF makes up 1.8% of Etesian Wealth Advisors Inc.’s holdings, making the stock its 12th largest holding. Etesian Wealth Advisors Inc. owned about 0.21% of First Trust Managed Municipal ETF worth $4,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of New York Mellon Corp increased its position in shares of First Trust Managed Municipal ETF by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 209,281 shares of the company’s stock worth $10,675,000 after acquiring an additional 5,574 shares during the period. Private Trust Co. NA grew its stake in First Trust Managed Municipal ETF by 1.0% in the fourth quarter. Private Trust Co. NA now owns 20,210 shares of the company’s stock worth $1,031,000 after purchasing an additional 200 shares in the last quarter. US Bancorp DE increased its holdings in First Trust Managed Municipal ETF by 45.1% during the 4th quarter. US Bancorp DE now owns 10,861 shares of the company’s stock worth $554,000 after purchasing an additional 3,376 shares during the period. Duncker Streett & Co. Inc. bought a new stake in First Trust Managed Municipal ETF during the 4th quarter valued at $108,000. Finally, Maia Wealth LLC purchased a new stake in shares of First Trust Managed Municipal ETF in the 4th quarter worth $234,000.

First Trust Managed Municipal ETF Price Performance

FMB opened at $49.74 on Friday. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13. The business’s fifty day simple moving average is $49.70 and its 200-day simple moving average is $50.44.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 26th will be given a dividend of $0.144 per share. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.73 dividend on an annualized basis and a yield of 3.47%.

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.