Verus Capital Partners LLC Reduces Stock Position in First Trust Managed Municipal ETF $FMB

Verus Capital Partners LLC lessened its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 32.5% during the second quarter, Holdings Channel.com reports. The fund owned 130,418 shares of the company’s stock after selling 62,840 shares during the period. Verus Capital Partners LLC’s holdings in First Trust Managed Municipal ETF were worth $6,497,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FMB. Flaharty Asset Management LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the first quarter worth about $58,000. Pinnacle Bancorp Inc. lifted its holdings in 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 buying an additional 402 shares during the period. Pandora Wealth Inc. bought a new stake in shares of First Trust Managed Municipal ETF in the 1st quarter worth approximately $231,000. Triumph Capital Management grew its position in shares of First Trust Managed Municipal ETF by 11.3% in the 2nd quarter. Triumph Capital Management now owns 4,914 shares of the company’s stock worth $245,000 after buying an additional 500 shares during the last quarter. Finally, ShoreHaven Wealth Partners LLC increased its stake in shares of First Trust Managed Municipal ETF by 8.3% during the second quarter. ShoreHaven Wealth Partners LLC now owns 6,418 shares of the company’s stock valued at $320,000 after buying an additional 491 shares during the period.

First Trust Managed Municipal ETF Stock Down 0.0%

Shares of FMB stock opened at $51.22 on Tuesday. First Trust Managed Municipal ETF has a 52 week low of $48.19 and a 52 week high of $51.99. The stock has a fifty day moving average of $50.88 and a 200 day moving average of $50.12.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were paid a dividend of $0.146 per share. The ex-dividend date was Tuesday, October 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%.

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.