Stock Yards Bank & Trust Co. Lowers Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Stock Yards Bank & Trust Co. decreased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,343 shares of the company’s stock after selling 502 shares during the period. Stock Yards Bank & Trust Co.’s holdings in First Trust Managed Municipal ETF were worth $1,803,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter valued at about $3,590,000. Miracle Mile Advisors LLC lifted its position in First Trust Managed Municipal ETF by 22.2% during the third quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock valued at $31,169,000 after purchasing an additional 109,001 shares during the last quarter. Advance Capital Management Inc. grew its stake in First Trust Managed Municipal ETF by 21.7% in the 3rd quarter. Advance Capital Management Inc. now owns 88,816 shares of the company’s stock worth $4,615,000 after buying an additional 15,809 shares in the last quarter. Insight Wealth Strategies LLC increased its holdings in shares of First Trust Managed Municipal ETF by 7.4% in the 3rd quarter. Insight Wealth Strategies LLC now owns 37,903 shares of the company’s stock worth $1,969,000 after buying an additional 2,621 shares during the last quarter. Finally, Patten Group Inc. raised its position in shares of First Trust Managed Municipal ETF by 47.7% during the 3rd quarter. Patten Group Inc. now owns 15,683 shares of the company’s stock valued at $815,000 after buying an additional 5,062 shares in the last quarter.

First Trust Managed Municipal ETF Stock Up 0.1 %

Shares of FMB stock opened at $51.09 on Tuesday. The business has a 50-day moving average price of $51.17 and a two-hundred day moving average price of $51.44. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a $0.14 dividend. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Wednesday, January 22nd.

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.