Trustmark Bank Trust Department Reduces Stock Position in First Trust Managed Municipal ETF $FMB

Trustmark Bank Trust Department lessened its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 46.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,023 shares of the company’s stock after selling 7,676 shares during the period. Trustmark Bank Trust Department’s holdings in First Trust Managed Municipal ETF were worth $450,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Flaharty Asset Management LLC bought a new stake in shares of First Trust Managed Municipal ETF in the first quarter worth about $58,000. 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 worth $127,000 after purchasing an additional 402 shares in the last quarter. Pandora Wealth Inc. bought a new position in First Trust Managed Municipal ETF in the 1st quarter worth $231,000. Triumph Capital Management boosted its stake in shares of First Trust Managed Municipal ETF by 11.3% during the 2nd quarter. Triumph Capital Management now owns 4,914 shares of the company’s stock valued at $245,000 after purchasing an additional 500 shares in the last quarter. Finally, Maia Wealth LLC purchased a new position in shares of First Trust Managed Municipal ETF during the second quarter valued at about $247,000.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB opened at $51.23 on Monday. The company has a 50-day simple moving average of $51.08 and a two-hundred day simple moving average of $50.26. First Trust Managed Municipal ETF has a one year low of $48.19 and a one year high of $51.99.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were given a $0.147 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15.

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.