First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 208,591 shares of the company’s stock after selling 2,512 shares during the period. Bank of New York Mellon Corp’s holdings in First Trust Managed Municipal ETF were worth $10,651,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. grew its position in shares of First Trust Managed Municipal ETF by 71.4% in the fourth quarter. NBC Securities Inc. now owns 2,575 shares of the company’s stock valued at $133,000 after purchasing an additional 1,073 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of First Trust Managed Municipal ETF by 4.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 29,259 shares of the company’s stock valued at $1,512,000 after purchasing an additional 1,332 shares during the period. Janney Montgomery Scott LLC grew its position in shares of First Trust Managed Municipal ETF by 25.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 226,570 shares of the company’s stock valued at $11,706,000 after purchasing an additional 46,388 shares during the period. Foundations Investment Advisors LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter valued at about $475,000. Finally, Fairhaven Wealth Management LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter valued at about $310,000.

First Trust Managed Municipal ETF Trading Up 0.1 %

Shares of NASDAQ FMB opened at $51.87 on Tuesday. The company’s 50-day simple moving average is $51.52 and its 200-day simple moving average is $51.28. 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 was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a $0.138 dividend. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date was 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.