Moneywise Inc. Reduces Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Moneywise Inc. lowered its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,175 shares of the company’s stock after selling 2,595 shares during the quarter. First Trust Managed Municipal ETF comprises about 1.3% of Moneywise Inc.’s portfolio, making the stock its 15th largest position. Moneywise Inc. owned 0.11% of First Trust Managed Municipal ETF worth $2,179,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC increased its stake in First Trust Managed Municipal ETF by 11,438.7% in the fourth quarter. Jane Street Group LLC now owns 756,480 shares of the company’s stock worth $37,907,000 after purchasing an additional 749,924 shares during the period. UBS Group AG increased its stake in First Trust Managed Municipal ETF by 15.3% in the 1st quarter. UBS Group AG now owns 2,101,471 shares of the company’s stock worth $111,504,000 after buying an additional 279,580 shares during the period. LPL Financial LLC lifted its holdings in First Trust Managed Municipal ETF by 13.6% during the 3rd quarter. LPL Financial LLC now owns 2,311,853 shares of the company’s stock valued at $113,003,000 after buying an additional 277,430 shares in the last quarter. JPMorgan Chase & Co. boosted its position in First Trust Managed Municipal ETF by 1,700,087.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 272,030 shares of the company’s stock valued at $13,297,000 after buying an additional 272,014 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in First Trust Managed Municipal ETF in the 3rd quarter worth about $11,217,000.

First Trust Managed Municipal ETF Stock Performance

Shares of First Trust Managed Municipal ETF stock traded up $0.11 during trading on Friday, hitting $51.01. 131,186 shares of the stock traded hands, compared to its average volume of 165,520. First Trust Managed Municipal ETF has a 52-week low of $48.08 and a 52-week high of $51.77. The stock’s fifty day simple moving average is $51.37 and its 200 day simple moving average is $50.60.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.135 per share. The ex-dividend date was Thursday, March 21st. This represents a $1.62 dividend on an annualized basis and a yield of 3.18%.

About First Trust Managed Municipal ETF

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.