First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Bowman & Co S.C.

Bowman & Co S.C. lowered its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 12.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 7,478 shares of the company’s stock after selling 1,082 shares during the quarter. Bowman & Co S.C.’s holdings in First Trust Managed Municipal ETF were worth $382,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. lifted its holdings in shares of First Trust Managed Municipal ETF by 119.4% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock valued at $40,000 after buying an additional 430 shares during the period. Fifth Third Bancorp acquired a new position in shares of First Trust Managed Municipal ETF in the 2nd quarter valued at about $51,000. Jones Financial Companies Lllp acquired a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at about $52,000. IAG Wealth Partners LLC acquired a new position in shares of First Trust Managed Municipal ETF in the 2nd quarter valued at about $53,000. Finally, Tidemark LLC acquired a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at about $76,000.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB stock traded up $0.17 on Friday, hitting $51.67. The company had a trading volume of 154,765 shares, compared to its average volume of 152,718. The company has a 50-day moving average price of $51.43 and a 200-day moving average price of $51.26. First Trust Managed Municipal ETF has a twelve month low of $48.08 and a twelve month 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 paid a $0.138 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.