First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC decreased its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 13.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,048 shares of the company’s stock after selling 4,126 shares during the quarter. Ameritas Advisory Services LLC owned 0.07% of First Trust Managed Municipal ETF worth $1,330,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in shares of First Trust Managed Municipal ETF in the 1st quarter valued at about $15,269,000. Wells Fargo & Company MN increased its stake in First Trust Managed Municipal ETF by 14.0% in the fourth 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 last quarter. Cetera Investment Advisers raised its holdings in First Trust Managed Municipal ETF by 246.7% during the first quarter. Cetera Investment Advisers now owns 252,562 shares of the company’s stock worth $12,972,000 after purchasing an additional 179,710 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of First Trust Managed Municipal ETF by 44.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 524,971 shares of the company’s stock worth $26,963,000 after buying an additional 161,642 shares during the last quarter. Finally, Vantage Financial Partners Ltd. Inc. acquired a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at $7,348,000.

First Trust Managed Municipal ETF Trading Down 0.0 %

Shares of NASDAQ FMB traded down $0.02 during mid-day trading on Friday, reaching $51.56. The company had a trading volume of 80,157 shares, compared to its average volume of 152,214. The firm has a 50 day simple moving average of $51.45 and a two-hundred day simple moving average of $51.27. First Trust Managed Municipal ETF has a 52-week low of $48.08 and a 52-week high of $52.07.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 21st will be given a $0.138 dividend. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend is Wednesday, August 21st.

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.