Clearwater Capital Advisors LLC Has $1.31 Million Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Clearwater Capital Advisors LLC reduced its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,353 shares of the company’s stock after selling 2,205 shares during the period. Clearwater Capital Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $1,310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of FMB. Bank of New York Mellon Corp acquired a new position in First Trust Managed Municipal ETF during the third quarter valued at approximately $11,217,000. CENTRAL TRUST Co boosted its position in First Trust Managed Municipal ETF by 140.1% during the third quarter. CENTRAL TRUST Co now owns 994 shares of the company’s stock valued at $49,000 after purchasing an additional 580 shares during the last quarter. GSG Advisors LLC acquired a new position in First Trust Managed Municipal ETF during the third quarter valued at approximately $502,000. Bernardo Wealth Planning LLC boosted its position in First Trust Managed Municipal ETF by 16.1% during the third quarter. Bernardo Wealth Planning LLC now owns 40,659 shares of the company’s stock valued at $1,987,000 after purchasing an additional 5,638 shares during the last quarter. Finally, Allworth Financial LP boosted its position in First Trust Managed Municipal ETF by 128.5% during the third quarter. Allworth Financial LP now owns 42,209 shares of the company’s stock valued at $2,063,000 after purchasing an additional 23,735 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

NASDAQ FMB traded up $0.02 during trading hours on Thursday, hitting $51.25. 88,624 shares of the company traded hands, compared to its average volume of 159,528. The business’s 50-day moving average is $51.20 and its 200-day moving average is $50.89. First Trust Managed Municipal ETF has a twelve month low of $48.08 and a twelve month high of $51.77.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th were given a $0.135 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.16%.

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.