First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 53.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,477 shares of the company’s stock after selling 56,823 shares during the period. Renaissance Technologies LLC owned 0.13% of First Trust Managed Municipal ETF worth $2,577,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. DHJJ Financial Advisors Ltd. grew its holdings in shares of First Trust Managed Municipal ETF by 119.4% in the second quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock valued at $40,000 after purchasing an additional 430 shares during the period. Fifth Third Bancorp purchased a new stake in shares of First Trust Managed Municipal ETF in the 2nd quarter valued at approximately $51,000. Jones Financial Companies Lllp purchased a new stake in shares of First Trust Managed Municipal ETF in the 4th quarter valued at approximately $52,000. IAG Wealth Partners LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $53,000. Finally, WR Wealth Planners LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter valued at approximately $56,000.

First Trust Managed Municipal ETF Stock Performance

NASDAQ:FMB opened at $52.08 on Wednesday. First Trust Managed Municipal ETF has a 52 week low of $48.08 and a 52 week high of $52.13. The stock’s fifty day moving average is $51.71 and its two-hundred day moving average is $51.33.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.139 dividend. The ex-dividend date of this dividend 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.