Cottonwood Capital Advisors LLC Sells 530 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Cottonwood Capital Advisors LLC reduced its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,749 shares of the company’s stock after selling 530 shares during the quarter. Cottonwood Capital Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $701,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. raised its position 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 worth $110,000 after purchasing an additional 1,300 shares during the period. Christopher J. Hasenberg Inc purchased a new stake in shares of First Trust Managed Municipal ETF in the third quarter worth approximately $166,000. Dopkins Wealth Management LLC bought a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter worth approximately $201,000. TrueWealth Advisors LLC purchased a new position in First Trust Managed Municipal ETF during the 4th quarter valued at $207,000. Finally, James Investment Research Inc. bought a new position in First Trust Managed Municipal ETF in the 3rd quarter valued at $224,000.

First Trust Managed Municipal ETF Trading Up 0.2 %

FMB stock opened at $50.84 on Friday. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13. The business’s fifty day simple moving average is $51.22 and its two-hundred day simple moving average is $51.46.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a dividend of $0.14 per share. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date is Wednesday, January 22nd.

About First Trust Managed Municipal ETF

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.