First Trust Managed Municipal ETF (NASDAQ:FMB) Holdings Trimmed by Tanglewood Legacy Advisors LLC

Tanglewood Legacy Advisors LLC reduced its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 54.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 539 shares of the company’s stock after selling 643 shares during the period. Tanglewood Legacy Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $27,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Pinnacle Bancorp Inc. boosted its holdings 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 worth $110,000 after purchasing an additional 1,300 shares during the period. Fifth Third Bancorp boosted its stake in shares of 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 buying an additional 1,778 shares during the period. Dopkins Wealth Management LLC purchased a new position in shares of First Trust Managed Municipal ETF during the 3rd quarter valued at $201,000. TrueWealth Advisors LLC acquired a new position in shares of First Trust Managed Municipal ETF in the fourth quarter worth $207,000. Finally, James Investment Research Inc. acquired a new stake in First Trust Managed Municipal ETF during the third quarter valued at $224,000.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $51.20 on Friday. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13. The business’s 50-day moving average price is $51.05 and its two-hundred day moving average price is $51.43.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.