Family Capital Management Inc. Lowers Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Family Capital Management Inc. trimmed its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 46.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,079 shares of the company’s stock after selling 41,616 shares during the period. First Trust Managed Municipal ETF comprises 1.7% of Family Capital Management Inc.’s holdings, making the stock its 14th biggest holding. Family Capital Management Inc.’s holdings in First Trust Managed Municipal ETF were worth $2,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA purchased a new stake in shares of First Trust Managed Municipal ETF in the 1st quarter worth approximately $26,000. Independence Bank of Kentucky purchased a new stake in shares of First Trust Managed Municipal ETF in the 4th quarter worth approximately $27,000. CENTRAL TRUST Co lifted 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 acquiring an additional 580 shares during the last quarter. AdvisorNet Financial Inc lifted its position in First Trust Managed Municipal ETF by 26.9% during the fourth quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock valued at $75,000 after acquiring an additional 307 shares during the last quarter. Finally, Coppell Advisory Solutions LLC purchased a new stake in First Trust Managed Municipal ETF during the second quarter valued at approximately $74,000.

First Trust Managed Municipal ETF Trading Down 0.0 %

NASDAQ:FMB traded down $0.02 during midday trading on Thursday, reaching $50.95. 116,242 shares of the stock traded hands, compared to its average volume of 164,665. First Trust Managed Municipal ETF has a 12-month low of $48.08 and a 12-month high of $51.77. The business has a 50-day moving average of $51.34 and a two-hundred day moving average of $50.65.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.62 dividend on an annualized basis and a yield of 3.18%.

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.