Worth Financial Advisory Group LLC Decreases Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Worth Financial Advisory Group LLC cut its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,924 shares of the company’s stock after selling 257 shares during the quarter. Worth Financial Advisory Group LLC’s holdings in First Trust Managed Municipal ETF were worth $914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Private Trust Co. NA increased its position in shares of First Trust Managed Municipal ETF by 1.0% in the fourth quarter. Private Trust Co. NA now owns 20,210 shares of the company’s stock valued at $1,031,000 after acquiring an additional 200 shares during the period. Valmark Advisers Inc. increased its holdings in First Trust Managed Municipal ETF by 3.2% during the 4th quarter. Valmark Advisers Inc. now owns 8,386 shares of the company’s stock valued at $428,000 after purchasing an additional 257 shares during the period. WealthCare Investment Partners LLC raised its position in First Trust Managed Municipal ETF by 0.6% during the 4th quarter. WealthCare Investment Partners LLC now owns 48,816 shares of the company’s stock valued at $2,495,000 after purchasing an additional 274 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in First Trust Managed Municipal ETF by 0.5% in the 3rd quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock worth $3,294,000 after buying an additional 343 shares during the period. Finally, Walkner Condon Financial Advisors LLC grew its position in shares of First Trust Managed Municipal ETF by 3.5% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 10,064 shares of the company’s stock worth $513,000 after buying an additional 343 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of First Trust Managed Municipal ETF stock opened at $50.44 on Thursday. The business has a 50 day moving average of $51.06 and a 200 day moving average of $51.32. 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 was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a $0.14 dividend. The ex-dividend date of this dividend was 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.