Pineridge Advisors LLC Sells 3,083 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Pineridge Advisors LLC lowered its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 43.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,070 shares of the company’s stock after selling 3,083 shares during the quarter. Pineridge Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FMB. Hedeker Wealth LLC increased its holdings in First Trust Managed Municipal ETF by 53.3% in the 4th quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock worth $2,717,000 after purchasing an additional 18,519 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in shares of First Trust Managed Municipal ETF in the fourth quarter valued at approximately $249,000. JPMorgan Chase & Co. raised its holdings in First Trust Managed Municipal ETF by 6.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock valued at $21,896,000 after buying an additional 25,002 shares during the last quarter. Fifth Third Bancorp boosted its position in First Trust Managed Municipal ETF by 177.8% during the 4th 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 period. Finally, Jane Street Group LLC bought a new stake in First Trust Managed Municipal ETF during the 3rd quarter worth approximately $1,555,000.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $51.28 on Tuesday. The firm has a 50 day moving average price of $51.13 and a two-hundred day moving average price of $51.44. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced 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. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Wednesday, January 22nd.

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.