Warren Street Wealth Advisors LLC Sells 302 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Warren Street Wealth Advisors LLC trimmed its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 16,112 shares of the company’s stock after selling 302 shares during the quarter. Warren Street Wealth Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $812,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FMB. Raymond James Financial Inc. acquired a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at approximately $58,677,000. Avantax Advisory Services Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 604,941 shares of the company’s stock valued at $30,858,000 after purchasing an additional 2,306 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of First Trust Managed Municipal ETF by 4.1% in the 4th quarter. OneDigital Investment Advisors LLC now owns 436,357 shares of the company’s stock valued at $22,259,000 after purchasing an additional 17,192 shares during the last quarter. Stifel Financial Corp boosted its stake in First Trust Managed Municipal ETF by 4.8% during the fourth quarter. Stifel Financial Corp now owns 346,708 shares of the company’s stock worth $17,686,000 after acquiring an additional 15,963 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in First Trust Managed Municipal ETF by 2.1% during the fourth quarter. Truist Financial Corp now owns 319,710 shares of the company’s stock worth $16,308,000 after acquiring an additional 6,564 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB opened at $49.71 on Thursday. The company’s fifty day simple moving average is $49.74 and its 200 day simple moving average is $50.66. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were given a dividend of $0.142 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.70 annualized dividend and a yield of 3.43%. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14.

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.