Quad Cities Investment Group LLC Trims Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Quad Cities Investment Group LLC trimmed its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,408 shares of the company’s stock after selling 494 shares during the period. Quad Cities Investment Group LLC’s holdings in First Trust Managed Municipal ETF were worth $274,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. BNP Paribas Arbitrage SA acquired a new position in First Trust Managed Municipal ETF during the first quarter valued at $26,000. Glassman Wealth Services purchased a new stake in shares of First Trust Managed Municipal ETF in the first quarter worth about $28,000. IAG Wealth Partners LLC acquired a new stake in First Trust Managed Municipal ETF during the first quarter worth about $31,000. Harbor Investment Advisory LLC acquired a new stake in First Trust Managed Municipal ETF during the first quarter worth about $38,000. Finally, Sound Income Strategies LLC purchased a new position in First Trust Managed Municipal ETF during the second quarter valued at approximately $40,000.

First Trust Managed Municipal ETF Trading Up 0.0 %

First Trust Managed Municipal ETF stock traded up $0.02 during mid-day trading on Monday, hitting $49.96. The company had a trading volume of 98,672 shares, compared to its average volume of 193,086. First Trust Managed Municipal ETF has a 12-month low of $48.07 and a 12-month high of $51.63. The company’s fifty day moving average is $50.34 and its 200-day moving average is $50.56.

First Trust Managed Municipal ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, August 31st. Investors of record on Wednesday, August 23rd were given a dividend of $0.1275 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $1.53 annualized dividend and a yield of 3.06%.

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.