First Trust Managed Municipal ETF $FMB Position Trimmed by Belpointe Asset Management LLC

by · The Cerbat Gem

Belpointe Asset Management LLC reduced its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) by 62.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,506 shares of the company’s stock after selling 14,165 shares during the quarter. Belpointe Asset Management LLC’s holdings in First Trust Managed Municipal ETF were worth $431,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Total Investment Management Inc. bought a new position in First Trust Managed Municipal ETF in the second quarter worth about $27,000. Evolution Wealth Management Inc. acquired a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $27,000. Qube Research & Technologies Ltd acquired a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $125,000. Pinnacle Bancorp Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 7.8% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,752 shares of the company’s stock worth $140,000 after purchasing an additional 200 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in First Trust Managed Municipal ETF by 18.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,052 shares of the company’s stock valued at $155,000 after purchasing an additional 474 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB opened at $51.42 on Friday. First Trust Managed Municipal ETF has a 12 month low of $48.19 and a 12 month high of $51.54. The stock has a fifty day moving average price of $51.20 and a 200 day moving average price of $50.72.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were given a dividend of $0.154 per share. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Wednesday, January 21st.

About First Trust Managed Municipal ETF

(Free Report)

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.

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