First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lessened its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 4.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 31,232 shares of the company’s stock after selling 1,579 shares during the period. Stock Yards Bank & Trust Co.’s holdings in First Trust Managed Municipal ETF were worth $1,595,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FMB. Wells Fargo & Company MN raised its stake in First Trust Managed Municipal ETF by 14.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,042,465 shares of the company’s stock valued at $105,523,000 after purchasing an additional 251,160 shares during the period. Tidemark LLC acquired a new stake in First Trust Managed Municipal ETF during the 4th quarter valued at $76,000. Avantax Planning Partners Inc. raised its stake in First Trust Managed Municipal ETF by 13.4% during the 4th quarter. Avantax Planning Partners Inc. now owns 1,028,945 shares of the company’s stock valued at $53,160,000 after purchasing an additional 121,339 shares during the period. Orion Portfolio Solutions LLC raised its stake in First Trust Managed Municipal ETF by 32.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 35,638 shares of the company’s stock valued at $1,842,000 after purchasing an additional 8,826 shares during the period. Finally, HCR Wealth Advisors raised its stake in First Trust Managed Municipal ETF by 85.4% during the 4th quarter. HCR Wealth Advisors now owns 8,344 shares of the company’s stock valued at $431,000 after purchasing an additional 3,844 shares during the period.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ:FMB opened at $52.03 on Wednesday. The company’s fifty day moving average is $51.61 and its two-hundred day moving average is $51.30. First Trust Managed Municipal ETF has a 12-month low of $48.08 and a 12-month high of $52.07.

First Trust Managed Municipal ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.138 per share. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Wednesday, August 21st.

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.