First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Flagstar Advisors Inc.

Flagstar Advisors Inc. cut its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 10.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,595 shares of the company’s stock after selling 3,797 shares during the period. Flagstar Advisors Inc.’s holdings in First Trust Managed Municipal ETF were worth $1,663,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of First Trust Managed Municipal ETF by 6.9% in the third quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after acquiring an additional 162,331 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of First Trust Managed Municipal ETF by 5.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock valued at $32,128,000 after acquiring an additional 29,957 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of First Trust Managed Municipal ETF by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after buying an additional 25,002 shares during the period. OneDigital Investment Advisors LLC grew its stake in shares of First Trust Managed Municipal ETF by 5.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock valued at $21,780,000 after purchasing an additional 19,917 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in First Trust Managed Municipal ETF by 5.4% in the 3rd quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock valued at $17,186,000 after buying an additional 16,894 shares during the period.

First Trust Managed Municipal ETF Trading Down 0.4 %

Shares of FMB opened at $51.02 on Wednesday. The company has a 50-day simple moving average of $51.03 and a 200-day simple moving average of $51.43. 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 company also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a $0.14 dividend. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date was 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.