First Trust Managed Municipal ETF $FMB Shares Sold by Hobart Private Capital LLC

Hobart Private Capital LLC reduced its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 34.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,671 shares of the company’s stock after selling 8,948 shares during the quarter. Hobart Private Capital LLC’s holdings in First Trust Managed Municipal ETF were worth $831,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FMB. Wealth Enhancement Advisory Services LLC raised its stake in First Trust Managed Municipal ETF by 7.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 24,163 shares of the company’s stock valued at $1,218,000 after purchasing an additional 1,772 shares during the period. Oppenheimer & Co. Inc. raised its stake in First Trust Managed Municipal ETF by 15.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 7,398 shares of the company’s stock valued at $373,000 after purchasing an additional 1,000 shares during the period. Philip James Wealth Mangement LLC raised its stake in First Trust Managed Municipal ETF by 97.2% during the 1st quarter. Philip James Wealth Mangement LLC now owns 21,418 shares of the company’s stock valued at $1,080,000 after purchasing an additional 10,557 shares during the period. Financial Futures Ltd Liability Co. acquired a new stake in First Trust Managed Municipal ETF during the 1st quarter valued at $209,000. Finally, Naviter Wealth LLC raised its stake in First Trust Managed Municipal ETF by 13.1% during the 1st quarter. Naviter Wealth LLC now owns 47,616 shares of the company’s stock valued at $2,405,000 after purchasing an additional 5,532 shares during the period.

First Trust Managed Municipal ETF Stock Up 0.1%

NASDAQ FMB opened at $51.24 on Friday. First Trust Managed Municipal ETF has a 1-year low of $48.19 and a 1-year high of $51.99. The firm’s fifty day simple moving average is $50.55 and its 200-day simple moving average is $49.98.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be paid a $0.146 dividend. The ex-dividend date of this dividend is Tuesday, October 21st. 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.