Creative Financial Designs Inc. ADV Sells 2,241 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Creative Financial Designs Inc. ADV trimmed its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 72.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 839 shares of the company’s stock after selling 2,241 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in First Trust Managed Municipal ETF were worth $43,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Signature Wealth Management Group grew its stake in First Trust Managed Municipal ETF by 17.6% during the fourth quarter. Signature Wealth Management Group now owns 16,495 shares of the company’s stock worth $841,000 after buying an additional 2,466 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in First Trust Managed Municipal ETF by 3.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 35,778 shares of the company’s stock worth $1,825,000 after buying an additional 1,041 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in First Trust Managed Municipal ETF by 18.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 309,212 shares of the company’s stock worth $15,773,000 after buying an additional 48,986 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in First Trust Managed Municipal ETF by 0.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 604,941 shares of the company’s stock worth $30,858,000 after buying an additional 2,306 shares in the last quarter. Finally, Independent Advisor Alliance acquired a new stake in First Trust Managed Municipal ETF during the fourth quarter worth about $14,829,000.

First Trust Managed Municipal ETF Trading Down 0.2 %

Shares of First Trust Managed Municipal ETF stock opened at $50.85 on Friday. The firm’s 50-day moving average price is $51.07 and its two-hundred day moving average price is $51.35. 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 Announces Dividend

The business also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, February 21st.

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.