Sigma Planning Corp Sells 12,477 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Sigma Planning Corp lessened its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 45.3% in the 4th quarter, Holdings Channel reports. The firm owned 15,069 shares of the company’s stock after selling 12,477 shares during the period. Sigma Planning Corp’s holdings in First Trust Managed Municipal ETF were worth $779,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Independence Bank of Kentucky bought a new stake in First Trust Managed Municipal ETF in the fourth quarter valued at approximately $27,000. CENTRAL TRUST Co increased its position in shares of First Trust Managed Municipal ETF by 140.1% during the third quarter. CENTRAL TRUST Co now owns 994 shares of the company’s stock worth $49,000 after acquiring an additional 580 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of First Trust Managed Municipal ETF by 26.9% during the fourth quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock worth $75,000 after acquiring an additional 307 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of First Trust Managed Municipal ETF during the third quarter worth $73,000. Finally, VitalStone Financial LLC increased its position in shares of First Trust Managed Municipal ETF by 60.2% during the third quarter. VitalStone Financial LLC now owns 2,787 shares of the company’s stock worth $137,000 after acquiring an additional 1,047 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of FMB stock opened at $50.87 on Wednesday. The firm has a fifty day moving average of $51.31 and a 200-day moving average of $50.73. First Trust Managed Municipal ETF has a 12-month low of $48.08 and a 12-month high of $51.77.

First Trust Managed Municipal ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.135 per share. This represents a $1.62 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Tuesday, April 23rd.

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.