MONECO Advisors LLC Decreases Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

MONECO Advisors LLC trimmed its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 16.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,706 shares of the company’s stock after selling 2,916 shares during the period. MONECO Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FMB. ShoreHaven Wealth Partners LLC boosted its holdings in First Trust Managed Municipal ETF by 19.2% in the third quarter. ShoreHaven Wealth Partners LLC now owns 9,671 shares of the company’s stock worth $503,000 after acquiring an additional 1,560 shares in the last quarter. Impact Partnership Wealth LLC purchased a new position in shares of First Trust Managed Municipal ETF in the 3rd quarter valued at approximately $795,000. International Assets Investment Management LLC boosted its stake in First Trust Managed Municipal ETF by 5,096.0% in the 3rd quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock worth $5,934,000 after purchasing an additional 112,010 shares in the last quarter. Lake Street Private Wealth LLC grew its position in First Trust Managed Municipal ETF by 5.0% during the 3rd quarter. Lake Street Private Wealth LLC now owns 96,300 shares of the company’s stock worth $5,004,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Sebold Capital Management Inc. increased its stake in First Trust Managed Municipal ETF by 2.2% during the 3rd quarter. Sebold Capital Management Inc. now owns 49,431 shares of the company’s stock valued at $2,568,000 after purchasing an additional 1,072 shares in the last quarter.

First Trust Managed Municipal ETF Stock Down 0.1 %

NASDAQ FMB opened at $51.13 on Wednesday. First Trust Managed Municipal ETF has a 12-month low of $48.08 and a 12-month high of $52.13. The company has a fifty day simple moving average of $51.73 and a two-hundred day simple moving average of $51.38.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd will be given a $0.139 dividend. The ex-dividend date is Tuesday, October 22nd.

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.