Eldridge Investment Advisors Inc. Sells 15,620 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Eldridge Investment Advisors Inc. trimmed its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 27.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 41,749 shares of the company’s stock after selling 15,620 shares during the period. Eldridge Investment Advisors Inc. owned approximately 0.11% of First Trust Managed Municipal ETF worth $2,157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. grew its holdings in shares of First Trust Managed Municipal ETF by 6.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 693,301 shares of the company’s stock valued at $33,889,000 after buying an additional 42,887 shares during the last quarter. ShoreHaven Wealth Partners LLC purchased a new position in shares of First Trust Managed Municipal ETF during the 3rd quarter valued at $314,000. Grant GrossMendelsohn LLC grew its holdings in First Trust Managed Municipal ETF by 0.8% during the 3rd quarter. Grant GrossMendelsohn LLC now owns 29,901 shares of the company’s stock valued at $1,462,000 after buying an additional 225 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter worth about $11,217,000. Finally, Wealth Management Resources Inc. raised its stake in shares of First Trust Managed Municipal ETF by 55.7% in the third quarter. Wealth Management Resources Inc. now owns 81,205 shares of the company’s stock valued at $3,969,000 after acquiring an additional 29,058 shares during the period.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ:FMB traded up $0.05 during trading on Thursday, hitting $50.89. 96,975 shares of the stock traded hands, compared to its average volume of 161,610. First Trust Managed Municipal ETF has a 52-week low of $48.08 and a 52-week high of $51.77. The company has a fifty day moving average price of $51.23 and a two-hundred day moving average price of $50.80.

First Trust Managed Municipal ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th were paid a $0.135 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Tuesday, April 23rd.

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.