Stephens Inc. AR Reduces Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Stephens Inc. AR lessened its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 22.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,208 shares of the company’s stock after selling 8,267 shares during the period. Stephens Inc. AR owned about 0.07% of First Trust Managed Municipal ETF worth $1,490,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FMB. Pinnacle Bancorp Inc. increased its stake in shares of First Trust Managed Municipal ETF by 152.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after buying an additional 1,300 shares during the period. Fifth Third Bancorp increased 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 valued at $142,000 after purchasing an additional 1,778 shares during the period. Dopkins Wealth Management LLC purchased a new position in First Trust Managed Municipal ETF during the 3rd quarter valued at $201,000. TrueWealth Advisors LLC bought a new position in First Trust Managed Municipal ETF in the 4th quarter worth $207,000. Finally, James Investment Research Inc. purchased a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter worth about $224,000.

First Trust Managed Municipal ETF Trading Down 0.4 %

Shares of NASDAQ FMB opened at $50.96 on Thursday. The company’s 50-day moving average is $51.10 and its 200 day moving average is $51.44. 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 Increases Dividend

The firm also recently declared 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 boost 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.