First Trust Managed Municipal ETF (FMB) Shares Sold by HL Financial Services LLC

HL Financial Services LLC decreased its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 25.0% during the first quarter, HoldingsChannel.com reports. The firm owned 5,479 shares of the company’s stock after selling 1,828 shares during the quarter. HL Financial Services LLC’s holdings in First Trust Managed Municipal ETF were worth $295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LexAurum Advisors LLC increased its position in shares of First Trust Managed Municipal ETF by 0.9% during the fourth quarter. LexAurum Advisors LLC now owns 26,947 shares of the company’s stock worth $1,418,000 after acquiring an additional 246 shares during the period. First Heartland Consultants Inc. increased its position in shares of First Trust Managed Municipal ETF by 1.1% during the fourth quarter. First Heartland Consultants Inc. now owns 23,410 shares of the company’s stock worth $1,232,000 after acquiring an additional 247 shares during the period. CWM LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the first quarter worth $28,000. PNC Financial Services Group Inc. increased its position in shares of First Trust Managed Municipal ETF by 23.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,049 shares of the company’s stock worth $160,000 after acquiring an additional 581 shares during the period. Finally, Means Investment CO. Inc. increased its position in shares of First Trust Managed Municipal ETF by 3.1% during the first quarter. Means Investment CO. Inc. now owns 23,245 shares of the company’s stock worth $1,252,000 after acquiring an additional 696 shares during the period.

Shares of FMB stock opened at $54.42 on Tuesday. First Trust Managed Municipal ETF has a 12 month low of $51.51 and a 12 month high of $54.46.

The company also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th were paid a dividend of $0.1175 per share. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.59%.

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Institutional Ownership by Quarter for First Trust Managed Municipal ETF (NASDAQ:FMB)

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