First Trust Managed Municipal ETF $FMB Shares Sold by Cottonwood Capital Advisors LLC

Cottonwood Capital Advisors LLC decreased its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.7% in the 2nd quarter, Holdings Channel reports. The firm owned 13,194 shares of the company’s stock after selling 228 shares during the period. Cottonwood Capital Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of FMB. Jane Street Group LLC raised its position in First Trust Managed Municipal ETF by 2,668.1% in the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock valued at $9,557,000 after purchasing an additional 182,683 shares during the last quarter. NewEdge Advisors LLC raised its position in First Trust Managed Municipal ETF by 45.6% in the 1st quarter. NewEdge Advisors LLC now owns 455,622 shares of the company’s stock valued at $22,973,000 after purchasing an additional 142,668 shares during the last quarter. HighTower Advisors LLC raised its position in First Trust Managed Municipal ETF by 104.4% in the 1st quarter. HighTower Advisors LLC now owns 231,944 shares of the company’s stock valued at $11,695,000 after purchasing an additional 118,458 shares during the last quarter. LPL Financial LLC raised its position in First Trust Managed Municipal ETF by 3.7% in the 1st quarter. LPL Financial LLC now owns 2,179,768 shares of the company’s stock valued at $109,909,000 after purchasing an additional 77,992 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in First Trust Managed Municipal ETF by 24.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 384,349 shares of the company’s stock valued at $19,380,000 after purchasing an additional 75,137 shares during the last quarter.

First Trust Managed Municipal ETF Trading Down 0.1%

FMB stock opened at $51.24 on Friday. The company has a fifty day moving average price of $50.41 and a 200 day moving average price of $49.94. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $51.99.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a dividend of $0.146 per share. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Thursday, September 25th. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.14.

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.