EdgeRock Capital LLC Has $2.16 Million Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

EdgeRock Capital LLC lessened its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,285 shares of the company’s stock after selling 1,403 shares during the period. First Trust Managed Municipal ETF comprises about 1.4% of EdgeRock Capital LLC’s portfolio, making the stock its 17th largest holding. EdgeRock Capital LLC’s holdings in First Trust Managed Municipal ETF were worth $2,157,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. raised its stake in First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after acquiring an additional 1,300 shares during the period. Fifth Third Bancorp increased its holdings 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 valued at $142,000 after purchasing an additional 1,778 shares during the last quarter. Dopkins Wealth Management LLC acquired a new position in shares of First Trust Managed Municipal ETF in the third quarter valued at $201,000. TrueWealth Advisors LLC bought a new position in shares of First Trust Managed Municipal ETF in the fourth quarter valued at about $207,000. Finally, James Investment Research Inc. acquired a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter worth about $224,000.

First Trust Managed Municipal ETF Stock Down 0.1 %

Shares of FMB stock opened at $51.21 on Tuesday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The company has a 50-day simple moving average of $51.00 and a 200 day simple moving average of $51.41.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.14 per share. The ex-dividend date is 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.