First Trust Managed Municipal ETF (NASDAQ:FMB) Holdings Lowered by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 15.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,131 shares of the company’s stock after selling 9,015 shares during the period. D.A. Davidson & CO.’s holdings in First Trust Managed Municipal ETF were worth $2,487,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FMB. Wells Fargo & Company MN boosted its stake in First Trust Managed Municipal ETF by 14.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,042,465 shares of the company’s stock valued at $105,523,000 after purchasing an additional 251,160 shares during the period. Prestige Wealth Management Group LLC increased its stake in shares of First Trust Managed Municipal ETF by 5.7% in the 4th quarter. Prestige Wealth Management Group LLC now owns 68,534 shares of the company’s stock valued at $3,541,000 after buying an additional 3,696 shares during the period. First Heartland Consultants Inc. increased its stake in shares of First Trust Managed Municipal ETF by 16.0% in the 4th quarter. First Heartland Consultants Inc. now owns 88,494 shares of the company’s stock valued at $4,572,000 after buying an additional 12,201 shares during the period. Fairhaven Wealth Management LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth $310,000. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth $475,000.

First Trust Managed Municipal ETF Stock Performance

FMB stock traded down $0.02 during midday trading on Friday, hitting $50.64. 158,264 shares of the company’s stock were exchanged, compared to its average volume of 157,270. The stock’s fifty day moving average price is $51.08 and its 200-day moving average price is $51.09. First Trust Managed Municipal ETF has a one year low of $48.08 and a one year high of $51.77.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.62 annualized dividend and a dividend yield of 3.20%.

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.