Family Capital Management Inc. Decreases Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Family Capital Management Inc. decreased its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 46.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,079 shares of the company’s stock after selling 41,616 shares during the period. First Trust Managed Municipal ETF accounts for 1.7% of Family Capital Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Family Capital Management Inc. owned 0.12% of First Trust Managed Municipal ETF worth $2,432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC increased its stake in First Trust Managed Municipal ETF by 1.5% in the 1st quarter. IHT Wealth Management LLC now owns 13,989 shares of the company’s stock valued at $713,000 after buying an additional 202 shares during the last quarter. Grant GrossMendelsohn LLC increased its stake in shares of First Trust Managed Municipal ETF by 0.8% during the 3rd quarter. Grant GrossMendelsohn LLC now owns 29,901 shares of the company’s stock worth $1,462,000 after purchasing an additional 225 shares during the last quarter. Insight Wealth Strategies LLC increased its stake in shares of First Trust Managed Municipal ETF by 0.9% during the 3rd quarter. Insight Wealth Strategies LLC now owns 30,293 shares of the company’s stock worth $1,481,000 after purchasing an additional 265 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of First Trust Managed Municipal ETF by 5.1% during the 1st quarter. Meeder Asset Management Inc. now owns 5,778 shares of the company’s stock worth $294,000 after purchasing an additional 280 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its stake in shares of First Trust Managed Municipal ETF by 26.9% during the 4th quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock worth $75,000 after purchasing an additional 307 shares during the last quarter.

First Trust Managed Municipal ETF Trading Down 0.0 %

Shares of FMB stock traded down $0.02 during trading hours on Thursday, hitting $50.95. 116,242 shares of the company were exchanged, compared to its average volume of 164,665. The firm has a fifty day simple moving average of $51.34 and a 200 day simple moving average of $50.65. First Trust Managed Municipal ETF has a 52-week low of $48.08 and a 52-week high of $51.77.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.62 annualized dividend and a dividend yield of 3.18%.

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.