Envestnet Asset Management Inc. Has $15.82 Million Position in First Trust Managed Municipal ETF $FMB

Envestnet Asset Management Inc. cut its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 10.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 311,950 shares of the company’s stock after selling 36,215 shares during the quarter. Envestnet Asset Management Inc.’s holdings in First Trust Managed Municipal ETF were worth $15,816,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of First Trust Managed Municipal ETF by 24.5% during the 2nd quarter. Allworth Financial LP now owns 96,682 shares of the company’s stock valued at $4,817,000 after acquiring an additional 19,018 shares in the last quarter. CWM LLC boosted its holdings in First Trust Managed Municipal ETF by 19.1% during the third quarter. CWM LLC now owns 127,041 shares of the company’s stock valued at $6,441,000 after purchasing an additional 20,364 shares in the last quarter. Seascape Capital Management boosted its holdings in First Trust Managed Municipal ETF by 110.0% during the third quarter. Seascape Capital Management now owns 47,250 shares of the company’s stock valued at $2,396,000 after purchasing an additional 24,750 shares in the last quarter. WCG Wealth Advisors LLC bought a new stake in shares of First Trust Managed Municipal ETF in the 2nd quarter valued at approximately $563,000. Finally, Miracle Mile Advisors LLC raised its holdings in shares of First Trust Managed Municipal ETF by 50.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,070,100 shares of the company’s stock worth $54,256,000 after buying an additional 358,121 shares in the last quarter.

First Trust Managed Municipal ETF Stock Up 0.0%

Shares of FMB stock opened at $51.83 on Monday. The stock’s fifty day simple moving average is $51.30 and its 200 day simple moving average is $50.89. First Trust Managed Municipal ETF has a one year low of $48.19 and a one year high of $51.88.

First Trust Managed Municipal ETF Increases Dividend

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

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.