Gladstone Institutional Advisory LLC Sells 927 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Gladstone Institutional Advisory LLC decreased its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.6% in the 4th quarter, HoldingsChannel reports. The firm owned 9,839 shares of the company’s stock after selling 927 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in First Trust Managed Municipal ETF were worth $508,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FMB. Benjamin F. Edwards & Company Inc. raised its position in shares of First Trust Managed Municipal ETF by 2.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 17,616 shares of the company’s stock worth $910,000 after acquiring an additional 427 shares during the last quarter. RFG Advisory LLC raised its position in shares of First Trust Managed Municipal ETF by 916.2% during the fourth quarter. RFG Advisory LLC now owns 194,688 shares of the company’s stock worth $10,058,000 after acquiring an additional 175,530 shares during the last quarter. Stock Yards Bank & Trust Co. raised its position in shares of First Trust Managed Municipal ETF by 37.7% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 40,557 shares of the company’s stock worth $2,095,000 after acquiring an additional 11,110 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of First Trust Managed Municipal ETF by 4.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 29,259 shares of the company’s stock worth $1,512,000 after acquiring an additional 1,332 shares during the last quarter. Finally, Grant GrossMendelsohn LLC raised its position in shares of First Trust Managed Municipal ETF by 2.5% during the fourth quarter. Grant GrossMendelsohn LLC now owns 30,646 shares of the company’s stock worth $1,568,000 after acquiring an additional 745 shares during the last quarter.

First Trust Managed Municipal ETF Stock Down 0.2 %

Shares of First Trust Managed Municipal ETF stock opened at $50.78 on Thursday. First Trust Managed Municipal ETF has a 12 month low of $48.08 and a 12 month high of $51.77. The business has a fifty day simple moving average of $51.11 and a 200 day simple moving average of $51.08.

First Trust Managed Municipal ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 22nd will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.19%.

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.