Capital Investment Advisory Services LLC Has $1.39 Million Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Capital Investment Advisory Services LLC trimmed its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 9.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,585 shares of the company’s stock after selling 2,770 shares during the quarter. Capital Investment Advisory Services LLC owned 0.07% of First Trust Managed Municipal ETF worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Sebold Capital Management Inc. increased its holdings in First Trust Managed Municipal ETF by 3.4% during the 1st quarter. Sebold Capital Management Inc. now owns 54,033 shares of the company’s stock valued at $2,724,000 after purchasing an additional 1,785 shares in the last quarter. Revisor Wealth Management LLC acquired a new stake in First Trust Managed Municipal ETF during the 1st quarter valued at $594,000. ABLE Financial Group LLC increased its holdings in First Trust Managed Municipal ETF by 5.2% during the 1st quarter. ABLE Financial Group LLC now owns 76,030 shares of the company’s stock valued at $3,834,000 after purchasing an additional 3,766 shares in the last quarter. Westside Investment Management Inc. increased its holdings in First Trust Managed Municipal ETF by 5.1% during the 1st quarter. Westside Investment Management Inc. now owns 65,259 shares of the company’s stock valued at $3,292,000 after purchasing an additional 3,183 shares in the last quarter. Finally, Naviter Wealth LLC increased its holdings 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 in the last quarter.

First Trust Managed Municipal ETF Stock Down 0.1%

FMB stock opened at $49.84 on Friday. The business has a fifty day moving average price of $49.75 and a 200 day moving average price of $50.37. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a dividend of $0.144 per share. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14. The ex-dividend date was Thursday, June 26th. This represents a $1.73 annualized dividend and a yield of 3.47%.

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.