First Trust Managed Municipal ETF (NASDAQ:FMB) Stock Position Decreased by First Heartland Consultants Inc.

First Heartland Consultants Inc. cut its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,197 shares of the company’s stock after selling 1,556 shares during the quarter. First Heartland Consultants Inc.’s holdings in First Trust Managed Municipal ETF were worth $5,154,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FMB. US Bancorp DE boosted its stake in shares of First Trust Managed Municipal ETF by 17.2% during the 1st quarter. US Bancorp DE now owns 7,485 shares of the company’s stock worth $384,000 after acquiring an additional 1,100 shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of First Trust Managed Municipal ETF in the first quarter valued at $982,000. Delos Wealth Advisors LLC purchased a new stake in shares of First Trust Managed Municipal ETF in the first quarter valued at $745,000. GM Advisory Group LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 2.3% in the first quarter. GM Advisory Group LLC now owns 136,445 shares of the company’s stock valued at $7,008,000 after purchasing an additional 3,125 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 3.8% in the first quarter. Ameritas Investment Partners Inc. now owns 8,899 shares of the company’s stock valued at $457,000 after purchasing an additional 327 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of FMB traded down $0.05 during mid-day trading on Tuesday, reaching $51.30. The company’s stock had a trading volume of 19,162 shares, compared to its average volume of 154,782. The business has a fifty day moving average of $51.66 and a 200 day moving average of $51.40. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were issued a $0.139 dividend. The ex-dividend date was Tuesday, October 22nd.

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.