First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Magnus Financial Group LLC

Magnus Financial Group LLC lowered its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 99,758 shares of the company’s stock after selling 1,942 shares during the quarter. Magnus Financial Group LLC’s holdings in First Trust Managed Municipal ETF were worth $5,089,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PFS Partners LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 2.1% in the 3rd quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock valued at $530,000 after buying an additional 214 shares during the period. Westside Investment Management Inc. raised its holdings in First Trust Managed Municipal ETF by 0.5% in the 3rd quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock worth $3,294,000 after purchasing an additional 343 shares during the period. Main Line Retirement Advisors LLC raised its holdings in First Trust Managed Municipal ETF by 0.8% in the 3rd quarter. Main Line Retirement Advisors LLC now owns 64,206 shares of the company’s stock worth $3,336,000 after purchasing an additional 527 shares during the period. Weitzel Financial Services Inc. raised its holdings in First Trust Managed Municipal ETF by 1.2% in the 3rd quarter. Weitzel Financial Services Inc. now owns 48,183 shares of the company’s stock worth $2,509,000 after purchasing an additional 569 shares during the period. Finally, Arkansas Financial Group Inc. raised its holdings in First Trust Managed Municipal ETF by 0.5% in the 3rd quarter. Arkansas Financial Group Inc. now owns 122,323 shares of the company’s stock worth $6,356,000 after purchasing an additional 592 shares during the period.

First Trust Managed Municipal ETF Stock Down 0.0 %

NASDAQ FMB opened at $50.89 on Wednesday. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13. The stock has a 50-day moving average of $51.24 and a 200 day moving average of $51.47.

First Trust Managed Municipal ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.139 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.