NewSquare Capital LLC Sells 305 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

NewSquare Capital LLC lowered its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,937 shares of the company’s stock after selling 305 shares during the period. NewSquare Capital LLC’s holdings in First Trust Managed Municipal ETF were worth $875,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Independence Bank of Kentucky acquired a new position in First Trust Managed Municipal ETF during the 4th quarter worth about $27,000. CENTRAL TRUST Co lifted its stake in shares of First Trust Managed Municipal ETF by 140.1% in the 3rd quarter. CENTRAL TRUST Co now owns 994 shares of the company’s stock valued at $49,000 after purchasing an additional 580 shares during the period. NBC Securities Inc. acquired a new position in shares of First Trust Managed Municipal ETF in the 3rd quarter valued at about $73,000. AdvisorNet Financial Inc lifted its stake in shares of First Trust Managed Municipal ETF by 26.9% in the 4th quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock valued at $75,000 after purchasing an additional 307 shares during the period. Finally, VitalStone Financial LLC lifted its stake in shares of First Trust Managed Municipal ETF by 60.2% in the 3rd quarter. VitalStone Financial LLC now owns 2,787 shares of the company’s stock valued at $137,000 after purchasing an additional 1,047 shares during the period.

First Trust Managed Municipal ETF Stock Down 0.1 %

FMB stock traded down $0.06 during trading on Wednesday, reaching $50.81. 94,065 shares of the stock were exchanged, compared to its average volume of 164,069. The firm’s 50 day moving average is $51.31 and its 200 day moving average is $50.73. First Trust Managed Municipal ETF has a twelve month low of $48.08 and a twelve month high of $51.77.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Tuesday, April 23rd.

First Trust Managed Municipal ETF Company 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.