Saxon Interests Inc. Sells 1,139 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Saxon Interests Inc. cut its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,734 shares of the company’s stock after selling 1,139 shares during the quarter. Saxon Interests Inc. owned approximately 0.08% of First Trust Managed Municipal ETF worth $1,558,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Country Trust Bank lifted its stake in First Trust Managed Municipal ETF by 1.2% in the second quarter. Country Trust Bank now owns 97,987 shares of the company’s stock worth $4,966,000 after purchasing an additional 1,126 shares during the last quarter. Occidental Asset Management LLC boosted its stake in shares of First Trust Managed Municipal ETF by 53.2% during the second quarter. Occidental Asset Management LLC now owns 11,762 shares of the company’s stock valued at $596,000 after purchasing an additional 4,085 shares during the period. Arkansas Financial Group Inc. grew its holdings in shares of First Trust Managed Municipal ETF by 0.7% in the second quarter. Arkansas Financial Group Inc. now owns 122,799 shares of the company’s stock worth $6,223,000 after purchasing an additional 811 shares during the last quarter. Good Life Advisors LLC purchased a new position in shares of First Trust Managed Municipal ETF in the second quarter worth $420,000. Finally, Signature Wealth Management Group increased its position in shares of First Trust Managed Municipal ETF by 10.0% in the second quarter. Signature Wealth Management Group now owns 12,011 shares of the company’s stock valued at $609,000 after acquiring an additional 1,094 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of First Trust Managed Municipal ETF stock traded down $0.03 during trading on Tuesday, reaching $49.98. 184,279 shares of the stock were exchanged, compared to its average volume of 193,684. First Trust Managed Municipal ETF has a 1 year low of $48.07 and a 1 year high of $51.63. The stock’s fifty day moving average is $50.33 and its 200 day moving average is $50.55.

First Trust Managed Municipal ETF Announces Dividend

The business 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. This represents a $1.53 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Tuesday, August 22nd.

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.