Stratos Wealth Advisors LLC Sells 1,434 Shares of First Trust Managed Municipal ETF $FMB

Stratos Wealth Advisors LLC trimmed its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 20.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,481 shares of the company’s stock after selling 1,434 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC grew its holdings in First Trust Managed Municipal ETF by 3.7% during the first quarter. LPL Financial LLC now owns 2,179,768 shares of the company’s stock valued at $109,909,000 after purchasing an additional 77,992 shares during the period. Raymond James Financial Inc. grew its holdings in First Trust Managed Municipal ETF by 0.6% during the first quarter. Raymond James Financial Inc. now owns 1,157,297 shares of the company’s stock valued at $58,353,000 after purchasing an additional 6,985 shares during the period. Avantax Advisory Services Inc. grew its holdings in First Trust Managed Municipal ETF by 2.8% during the first quarter. Avantax Advisory Services Inc. now owns 621,617 shares of the company’s stock valued at $31,343,000 after purchasing an additional 16,676 shares during the period. Royal Bank of Canada grew its holdings in First Trust Managed Municipal ETF by 1.4% during the first quarter. Royal Bank of Canada now owns 619,572 shares of the company’s stock valued at $31,240,000 after purchasing an additional 8,529 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of First Trust Managed Municipal ETF by 45.6% during the first quarter. NewEdge Advisors LLC now owns 455,622 shares of the company’s stock worth $22,973,000 after acquiring an additional 142,668 shares in the last quarter.

First Trust Managed Municipal ETF Stock Up 0.1%

First Trust Managed Municipal ETF stock opened at $51.29 on Tuesday. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $51.99. The business has a fifty day moving average price of $50.44 and a 200-day moving average price of $49.94.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.146 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%.

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.