MGO One Seven LLC Sells 870 Shares of First Trust Managed Municipal ETF $FMB

MGO One Seven LLC lowered its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,127 shares of the company’s stock after selling 870 shares during the period. MGO One Seven LLC owned 0.23% of First Trust Managed Municipal ETF worth $4,390,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FMB. Oppenheimer & Co. Inc. lifted its holdings 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 worth $373,000 after purchasing an additional 1,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of 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. lifted its holdings in shares of First Trust Managed Municipal ETF by 8.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 38,703 shares of the company’s stock worth $1,951,000 after buying an additional 2,925 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of First Trust Managed Municipal ETF by 38.7% in the first quarter. Kestra Private Wealth Services LLC now owns 20,045 shares of the company’s stock valued at $1,011,000 after acquiring an additional 5,593 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its position in shares of First Trust Managed Municipal ETF by 148.6% in the first quarter. Dynamic Advisor Solutions LLC now owns 24,929 shares of the company’s stock valued at $1,257,000 after acquiring an additional 14,902 shares during the period.

First Trust Managed Municipal ETF Stock Up 0.2%

First Trust Managed Municipal ETF stock opened at $51.06 on Tuesday. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $51.99. The firm’s 50 day simple moving average is $50.30 and its 200 day simple moving average is $49.92.

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 given a $0.146 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. The ex-dividend date 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.