Stratos Wealth Advisors LLC Sells 936 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Stratos Wealth Advisors LLC cut its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,632 shares of the company’s stock after selling 936 shares during the quarter. Stratos Wealth Advisors LLC owned 0.08% of First Trust Managed Municipal ETF worth $1,540,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FMB. Strategic Financial Partners Ltd. increased its holdings in First Trust Managed Municipal ETF by 0.6% in the second quarter. Strategic Financial Partners Ltd. now owns 33,547 shares of the company’s stock valued at $1,713,000 after purchasing an additional 207 shares during the period. Great Valley Advisor Group Inc. raised its position in shares of First Trust Managed Municipal ETF by 2.3% during the second quarter. Great Valley Advisor Group Inc. now owns 11,363 shares of the company’s stock worth $580,000 after acquiring an additional 252 shares during the last quarter. Auour Investments LLC lifted its stake in shares of First Trust Managed Municipal ETF by 3.7% in the second quarter. Auour Investments LLC now owns 7,191 shares of the company’s stock worth $367,000 after acquiring an additional 256 shares during the period. Prestige Wealth Management Group LLC boosted its holdings in First Trust Managed Municipal ETF by 0.4% in the second quarter. Prestige Wealth Management Group LLC now owns 79,954 shares of the company’s stock valued at $4,082,000 after acquiring an additional 292 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in First Trust Managed Municipal ETF by 3.8% during the 1st quarter. Ameritas Investment Partners Inc. now owns 8,899 shares of the company’s stock valued at $457,000 after purchasing an additional 327 shares during the period.

First Trust Managed Municipal ETF Stock Performance

First Trust Managed Municipal ETF stock opened at $51.74 on Monday. First Trust Managed Municipal ETF has a 52-week low of $48.08 and a 52-week high of $52.13. The firm has a 50 day moving average price of $51.79 and a two-hundred day moving average price of $51.37.

First Trust Managed Municipal ETF Increases Dividend

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

First Trust Managed Municipal ETF Company 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.