First Trust Managed Municipal ETF $FMB Stock Holdings Trimmed by CWA Asset Management Group LLC

CWA Asset Management Group LLC lessened its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 25.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 133,812 shares of the company’s stock after selling 45,786 shares during the quarter. CWA Asset Management Group LLC owned about 0.35% of First Trust Managed Municipal ETF worth $6,842,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FMB. Jane Street Group LLC increased its holdings in shares of First Trust Managed Municipal ETF by 2,668.1% during the first quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock valued at $9,557,000 after purchasing an additional 182,683 shares during the period. Cetera Investment Advisers lifted its holdings in First Trust Managed Municipal ETF by 15.2% in the second quarter. Cetera Investment Advisers now owns 256,842 shares of the company’s stock worth $12,796,000 after purchasing an additional 33,820 shares during the period. Forum Private Client Group LLC grew its position in First Trust Managed Municipal ETF by 18.6% in the 2nd quarter. Forum Private Client Group LLC now owns 6,408 shares of the company’s stock valued at $319,000 after buying an additional 1,006 shares in the last quarter. Global Retirement Partners LLC bought a new position in First Trust Managed Municipal ETF in the 2nd quarter valued at about $560,000. Finally, Maia Wealth LLC acquired a new position in First Trust Managed Municipal ETF during the 2nd quarter valued at about $247,000.

First Trust Managed Municipal ETF Stock Performance

FMB stock opened at $50.82 on Friday. First Trust Managed Municipal ETF has a 52 week low of $48.19 and a 52 week high of $52.03. The firm’s 50-day moving average is $51.53 and its two-hundred day moving average is $51.19.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a dividend of $0.155 per share. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Friday, February 20th.

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.