First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. reduced its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 12.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,680 shares of the company’s stock after selling 2,424 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in First Trust Managed Municipal ETF were worth $852,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in FMB. MGO One Seven LLC grew its position in First Trust Managed Municipal ETF by 7.4% in the fourth quarter. MGO One Seven LLC now owns 92,033 shares of the company’s stock worth $4,755,000 after acquiring an additional 6,302 shares in the last quarter. Core Wealth Partners LLC bought a new position in shares of First Trust Managed Municipal ETF during the 1st quarter worth about $371,000. &PARTNERS lifted its holdings in First Trust Managed Municipal ETF by 9.9% during the 2nd quarter. &PARTNERS now owns 21,950 shares of the company’s stock valued at $1,121,000 after purchasing an additional 1,979 shares during the last quarter. Fifth Third Bancorp bought a new position in First Trust Managed Municipal ETF during the 2nd quarter valued at about $51,000. Finally, Ameritas Investment Partners Inc. raised its stake in shares of First Trust Managed Municipal ETF by 3.8% in the first quarter. Ameritas Investment Partners Inc. now owns 8,899 shares of the company’s stock worth $457,000 after acquiring an additional 327 shares during the last quarter.

First Trust Managed Municipal ETF Stock Down 0.4 %

Shares of NASDAQ FMB opened at $51.81 on Friday. First Trust Managed Municipal ETF has a 1-year low of $48.08 and a 1-year high of $52.13. The company has a 50-day moving average of $51.77 and a two-hundred day moving average of $51.35.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.139 per share. The ex-dividend date was Thursday, September 26th. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.