First Trust Managed Municipal ETF (NASDAQ:FMB) Stock Holdings Cut by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lessened its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,452 shares of the company’s stock after selling 586 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in First Trust Managed Municipal ETF were worth $737,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hobart Private Capital LLC raised its position in First Trust Managed Municipal ETF by 2.3% in the fourth quarter. Hobart Private Capital LLC now owns 18,740 shares of the company’s stock worth $956,000 after acquiring an additional 427 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of First Trust Managed Municipal ETF in the 4th quarter worth approximately $3,560,000. Hedeker Wealth LLC lifted its stake in First Trust Managed Municipal ETF by 53.3% during the fourth quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock valued at $2,717,000 after purchasing an additional 18,519 shares during the last quarter. Etesian Wealth Advisors Inc. boosted its holdings in First Trust Managed Municipal ETF by 14.1% during the fourth quarter. Etesian Wealth Advisors Inc. now owns 84,407 shares of the company’s stock worth $4,306,000 after buying an additional 10,415 shares in the last quarter. Finally, Journey Strategic Wealth LLC grew its position in First Trust Managed Municipal ETF by 15.2% in the fourth quarter. Journey Strategic Wealth LLC now owns 120,260 shares of the company’s stock worth $6,134,000 after buying an additional 15,890 shares during the last quarter.

First Trust Managed Municipal ETF Stock Up 0.2 %

NASDAQ FMB opened at $51.20 on Friday. The business’s fifty day moving average is $51.06 and its two-hundred day moving average is $51.43. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.14 per share. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend 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.