Stephens Consulting LLC Sells 302 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Stephens Consulting LLC trimmed its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,189 shares of the company’s stock after selling 302 shares during the period. Stephens Consulting LLC’s holdings in First Trust Managed Municipal ETF were worth $166,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FMB. DHJJ Financial Advisors Ltd. raised its holdings in shares of First Trust Managed Municipal ETF by 119.4% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock worth $40,000 after buying an additional 430 shares in the last quarter. Fifth Third Bancorp acquired a new position in First Trust Managed Municipal ETF during the second quarter worth about $51,000. IAG Wealth Partners LLC bought a new position in shares of First Trust Managed Municipal ETF in the second quarter worth about $53,000. WR Wealth Planners LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the 2nd quarter valued at approximately $56,000. Finally, International Assets Investment Management LLC bought a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter valued at approximately $112,000.

First Trust Managed Municipal ETF Trading Down 0.1 %

FMB stock opened at $51.74 on Friday. First Trust Managed Municipal ETF has a 1 year low of $48.08 and a 1 year high of $52.13. The company has a 50 day simple moving average of $51.79 and a 200 day simple moving average of $51.37.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.139 dividend. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Thursday, September 26th.

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.