First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Motco

Motco lowered its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 195,399 shares of the company’s stock after selling 7,121 shares during the quarter. Motco owned approximately 0.49% of First Trust Managed Municipal ETF worth $9,967,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its position 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 buying an additional 162,331 shares during the period. Miracle Mile Advisors LLC lifted its position 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 worth $32,128,000 after buying an additional 29,957 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in First Trust Managed Municipal ETF by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock valued at $21,896,000 after acquiring an additional 25,002 shares during the period. OneDigital Investment Advisors LLC boosted its position in First Trust Managed Municipal ETF by 5.0% during 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 period. Finally, Stifel Financial Corp grew its position in shares of First Trust Managed Municipal ETF by 5.4% during the third quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock worth $17,186,000 after acquiring an additional 16,894 shares during the last quarter.

First Trust Managed Municipal ETF Trading Down 0.2 %

Shares of FMB opened at $51.35 on Friday. The firm has a 50-day moving average price of $51.02 and a 200 day moving average price of $51.41. 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 Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, February 21st.

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.