Avantax Planning Partners Inc. Has $33.16 Million Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Avantax Planning Partners Inc. lessened its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 650,029 shares of the company’s stock after selling 72,172 shares during the quarter. First Trust Managed Municipal ETF comprises approximately 1.2% of Avantax Planning Partners Inc.’s investment portfolio, making the stock its 12th biggest holding. Avantax Planning Partners Inc. owned approximately 1.64% of First Trust Managed Municipal ETF worth $33,158,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. acquired a new stake in First Trust Managed Municipal ETF in the 4th quarter valued at about $108,000. Pinnacle Bancorp Inc. increased its position in First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after acquiring an additional 1,300 shares in the last quarter. Fifth Third Bancorp increased its position in First Trust Managed Municipal ETF by 177.8% in the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after acquiring an additional 1,778 shares in the last quarter. Dopkins Wealth Management LLC acquired a new stake in First Trust Managed Municipal ETF in the 3rd quarter valued at about $201,000. Finally, TrueWealth Advisors LLC acquired a new stake in First Trust Managed Municipal ETF in the 4th quarter valued at about $207,000.

First Trust Managed Municipal ETF Stock Up 0.1 %

Shares of NASDAQ FMB opened at $51.21 on Tuesday. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13. The firm’s 50-day moving average is $51.09 and its 200-day moving average is $51.39.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.14 dividend. The ex-dividend date was Friday, February 21st.

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.