Kestra Private Wealth Services LLC Has $1.23 Million Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Kestra Private Wealth Services LLC decreased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 24.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,778 shares of the company’s stock after selling 7,799 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in First Trust Managed Municipal ETF were worth $1,228,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its stake in shares of First Trust Managed Municipal ETF by 6.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 693,301 shares of the company’s stock worth $33,889,000 after acquiring an additional 42,887 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter valued at $11,217,000. Kowal Investment Group LLC lifted its position in shares of First Trust Managed Municipal ETF by 7.9% in the third quarter. Kowal Investment Group LLC now owns 203,689 shares of the company’s stock worth $9,956,000 after buying an additional 14,899 shares during the last quarter. Arkansas Financial Group Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 2.3% during the 3rd quarter. Arkansas Financial Group Inc. now owns 125,646 shares of the company’s stock worth $6,142,000 after acquiring an additional 2,847 shares in the last quarter. Finally, 3D L Capital Management LLC bought a new stake in First Trust Managed Municipal ETF during the third quarter worth approximately $1,640,000.

First Trust Managed Municipal ETF Trading Up 0.2 %

Shares of FMB stock opened at $51.03 on Friday. First Trust Managed Municipal ETF has a 12 month low of $48.08 and a 12 month high of $51.77. The business’s 50 day moving average is $51.21 and its two-hundred day moving average is $50.81.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th were given a $0.135 dividend. This represents a $1.62 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Tuesday, April 23rd.

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.