MONECO Advisors LLC Sells 7,320 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

MONECO Advisors LLC decreased its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 49.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,386 shares of the company’s stock after selling 7,320 shares during the period. MONECO Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $377,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FMB. Pinnacle Bancorp Inc. lifted its position in shares of First Trust Managed Municipal ETF by 152.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after buying an additional 1,300 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of First Trust Managed Municipal ETF by 177.8% in the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after buying an additional 1,778 shares in the last quarter. Dopkins Wealth Management LLC purchased a new stake in shares of First Trust Managed Municipal ETF in the third quarter worth about $201,000. TrueWealth Advisors LLC purchased a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter worth about $207,000. Finally, James Investment Research Inc. purchased a new stake in shares of First Trust Managed Municipal ETF in the third quarter worth about $224,000.

First Trust Managed Municipal ETF Trading Down 0.1 %

NASDAQ:FMB opened at $51.21 on Tuesday. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13. The business’s 50-day moving average is $51.00 and its 200 day moving average is $51.41.

First Trust Managed Municipal ETF Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, February 21st.

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.