Sutton Place Investors LLC Reduces Stock Holdings in First Trust Managed Municipal ETF $FMB

Sutton Place Investors LLC decreased its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,540 shares of the company’s stock after selling 315 shares during the quarter. Sutton Place Investors LLC’s holdings in First Trust Managed Municipal ETF were worth $425,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC purchased a new stake in First Trust Managed Municipal ETF in the first quarter worth $58,000. IMG Wealth Management Inc. purchased a new stake in First Trust Managed Municipal ETF in the first quarter worth $65,000. GAMMA Investing LLC lifted its stake in First Trust Managed Municipal ETF by 4,941.9% in the first quarter. GAMMA Investing LLC now owns 1,563 shares of the company’s stock worth $79,000 after acquiring an additional 1,532 shares during the period. Hanson & Doremus Investment Management purchased a new position in First Trust Managed Municipal ETF during the first quarter valued at $113,000. Finally, NBC Securities Inc. lifted its position 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.

First Trust Managed Municipal ETF Price Performance

Shares of First Trust Managed Municipal ETF stock opened at $50.78 on Friday. The business has a fifty day simple moving average of $50.14 and a two-hundred day simple moving average of $49.91. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $51.99.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed 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. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Thursday, September 25th.

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.