Envestnet Portfolio Solutions Inc. Has $1.83 Million Stock Position in First Trust Managed Municipal ETF $FMB

Envestnet Portfolio Solutions Inc. lessened its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,772 shares of the company’s stock after selling 1,931 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Managed Municipal ETF were worth $1,832,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FMB. Jane Street Group LLC raised its stake in First Trust Managed Municipal ETF by 2,668.1% during the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock worth $9,557,000 after buying an additional 182,683 shares during the period. NewEdge Advisors LLC raised its stake in First Trust Managed Municipal ETF by 45.6% during the 1st quarter. NewEdge Advisors LLC now owns 455,622 shares of the company’s stock worth $22,973,000 after buying an additional 142,668 shares during the period. HighTower Advisors LLC raised its stake in First Trust Managed Municipal ETF by 104.4% during the 1st quarter. HighTower Advisors LLC now owns 231,944 shares of the company’s stock worth $11,695,000 after buying an additional 118,458 shares during the period. LPL Financial LLC raised its stake in First Trust Managed Municipal ETF by 3.7% during the 1st quarter. LPL Financial LLC now owns 2,179,768 shares of the company’s stock worth $109,909,000 after buying an additional 77,992 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in First Trust Managed Municipal ETF by 24.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 384,349 shares of the company’s stock worth $19,380,000 after buying an additional 75,137 shares during the period.

First Trust Managed Municipal ETF Stock Down 0.1%

Shares of First Trust Managed Municipal ETF stock opened at $51.24 on Friday. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $51.99. The stock’s fifty day simple moving average is $50.41 and its 200 day simple moving average is $49.94.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a dividend of $0.146 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, September 25th. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14.

First Trust Managed Municipal ETF 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.