IFG Advisory LLC Trims Position in First Trust Managed Municipal ETF $FMB

IFG Advisory LLC trimmed its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 37.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 18,150 shares of the company’s stock after selling 10,641 shares during the quarter. IFG Advisory LLC’s holdings in First Trust Managed Municipal ETF were worth $904,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Security Financial Services INC. grew its position in First Trust Managed Municipal ETF by 2.0% in the first quarter. Security Financial Services INC. now owns 11,137 shares of the company’s stock worth $562,000 after acquiring an additional 223 shares during the period. Main Line Retirement Advisors LLC grew its position in First Trust Managed Municipal ETF by 0.7% in the first quarter. Main Line Retirement Advisors LLC now owns 50,094 shares of the company’s stock worth $2,526,000 after acquiring an additional 330 shares during the period. Arkansas Financial Group Inc. raised its holdings in First Trust Managed Municipal ETF by 0.3% in the 2nd quarter. Arkansas Financial Group Inc. now owns 124,613 shares of the company’s stock valued at $6,212,000 after buying an additional 362 shares during the period. Pinnacle Bancorp Inc. raised its holdings in First Trust Managed Municipal ETF by 18.7% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 2,552 shares of the company’s stock valued at $127,000 after buying an additional 402 shares during the period. Finally, Sentinel Pension Advisors LLC raised its holdings in First Trust Managed Municipal ETF by 0.8% in the 2nd quarter. Sentinel Pension Advisors LLC now owns 56,099 shares of the company’s stock valued at $2,795,000 after buying an additional 420 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB opened at $51.26 on Monday. First Trust Managed Municipal ETF has a 12-month low of $48.19 and a 12-month high of $51.99. The company’s 50-day moving average price is $50.71 and its 200 day moving average price is $50.05.

First Trust Managed Municipal ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were issued a $0.146 dividend. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, October 21st.

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.