Legacy Private Trust Co. Has $509,000 Stock Position in First Trust Managed Municipal ETF $FMB

Legacy Private Trust Co. cut its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 76.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 10,048 shares of the company’s stock after selling 32,173 shares during the quarter. Legacy Private Trust Co.’s holdings in First Trust Managed Municipal ETF were worth $509,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Total Investment Management Inc. acquired a new stake in First Trust Managed Municipal ETF in the 2nd quarter valued at $27,000. Evolution Wealth Management Inc. bought a new position in shares of First Trust Managed Municipal ETF during the second quarter valued at $27,000. Flaharty Asset Management LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the 1st quarter valued at $58,000. Qube Research & Technologies Ltd acquired a new stake in shares of First Trust Managed Municipal ETF in the 2nd quarter valued at $125,000. Finally, Pinnacle Bancorp Inc. grew its holdings in shares of First Trust Managed Municipal ETF by 18.7% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 2,552 shares of the company’s stock worth $127,000 after purchasing an additional 402 shares during the last quarter.

First Trust Managed Municipal ETF Trading Up 0.0%

Shares of First Trust Managed Municipal ETF stock opened at $51.06 on Friday. First Trust Managed Municipal ETF has a 12-month low of $48.19 and a 12-month high of $51.47. The company has a 50-day simple moving average of $51.16 and a 200 day simple moving average of $50.39.

First Trust Managed Municipal ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be paid a $0.147 dividend. The ex-dividend date is Friday, December 12th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

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.