NewEdge Advisors LLC Sells 57,189 Shares of First Trust Managed Municipal ETF $FMB

NewEdge Advisors LLC reduced its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 14.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 348,652 shares of the company’s stock after selling 57,189 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $17,663,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Jane Street Group LLC increased its holdings in First Trust Managed Municipal ETF by 2,668.1% in the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock valued at $9,557,000 after buying an additional 182,683 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 0.9% during the 2nd quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock worth $1,544,000 after acquiring an additional 266 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $125,000. Main Street Financial Solutions LLC bought a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $805,000. Finally, Raymond James Financial Inc. boosted its position in shares of First Trust Managed Municipal ETF by 2.9% during the 2nd quarter. Raymond James Financial Inc. now owns 1,191,423 shares of the company’s stock worth $59,357,000 after acquiring an additional 34,126 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ:FMB opened at $50.39 on Thursday. The company’s 50 day simple moving average is $51.10 and its 200 day simple moving average is $51.23. First Trust Managed Municipal ETF has a 1 year low of $49.36 and a 1 year high of $52.03.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be issued a $0.157 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, July 21st.

First Trust Managed Municipal ETF Company 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.