Stock Yards Bank & Trust Co. Sells 1,057 Shares of First Trust Managed Municipal ETF $FMB

Stock Yards Bank & Trust Co. decreased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,974 shares of the company’s stock after selling 1,057 shares during the period. Stock Yards Bank & Trust Co. owned approximately 0.08% of First Trust Managed Municipal ETF worth $1,493,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its stake in First Trust Managed Municipal ETF by 15.6% during the first quarter. Oppenheimer & Co. Inc. now owns 7,398 shares of the company’s stock valued at $373,000 after buying an additional 1,000 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in First Trust Managed Municipal ETF by 7.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 24,163 shares of the company’s stock valued at $1,218,000 after buying an additional 1,772 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in First Trust Managed Municipal ETF by 8.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 38,703 shares of the company’s stock valued at $1,951,000 after buying an additional 2,925 shares during the period. NBC Securities Inc. boosted its stake in First Trust Managed Municipal ETF by 119,000.0% during the first quarter. NBC Securities Inc. now owns 2,382 shares of the company’s stock valued at $120,000 after buying an additional 2,380 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its stake in First Trust Managed Municipal ETF by 38.7% during the first quarter. Kestra Private Wealth Services LLC now owns 20,045 shares of the company’s stock valued at $1,011,000 after buying an additional 5,593 shares during the period.

First Trust Managed Municipal ETF Price Performance

NASDAQ:FMB opened at $50.78 on Friday. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $51.99. The stock has a fifty day moving average of $50.14 and a 200 day moving average of $49.91.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a dividend of $0.146 per share. The ex-dividend date was Thursday, September 25th. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 3.5%.

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.