Stratos Wealth Partners LTD. Reduces Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Stratos Wealth Partners LTD. lowered its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 45,867 shares of the company’s stock after selling 4,332 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in First Trust Managed Municipal ETF were worth $2,340,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. boosted its holdings in First Trust Managed Municipal ETF by 152.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after purchasing an additional 1,300 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of First Trust Managed Municipal ETF by 177.8% in the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after buying an additional 1,778 shares during the last quarter. Christopher J. Hasenberg Inc acquired a new stake in First Trust Managed Municipal ETF during the third quarter worth about $166,000. Dopkins Wealth Management LLC purchased a new position in First Trust Managed Municipal ETF during the third quarter valued at approximately $201,000. Finally, TrueWealth Advisors LLC purchased a new stake in First Trust Managed Municipal ETF in the 4th quarter worth approximately $207,000.

First Trust Managed Municipal ETF Stock Down 0.2 %

Shares of NASDAQ FMB opened at $51.23 on Friday. The firm’s 50 day simple moving average is $51.14 and its 200-day simple moving average is $51.44. 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 Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.