Alta Wealth Advisors LLC Sells 370 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Alta Wealth Advisors LLC lessened its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,165 shares of the company’s stock after selling 370 shares during the quarter. Alta Wealth Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FMB. Sequoia Financial Advisors LLC raised its stake in shares of First Trust Managed Municipal ETF by 3.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,024,717 shares of the company’s stock worth $52,322,000 after acquiring an additional 37,199 shares in the last quarter. Congress Wealth Management LLC DE lifted its holdings in shares of First Trust Managed Municipal ETF by 2.7% during the 1st quarter. Congress Wealth Management LLC DE now owns 693,046 shares of the company’s stock valued at $35,595,000 after purchasing an additional 17,916 shares during the last quarter. Miracle Mile Advisors LLC boosted its position in shares of First Trust Managed Municipal ETF by 22.2% in the 3rd quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock worth $31,169,000 after purchasing an additional 109,001 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in First Trust Managed Municipal ETF by 44.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 524,971 shares of the company’s stock worth $26,963,000 after buying an additional 161,642 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in First Trust Managed Municipal ETF by 14.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 403,320 shares of the company’s stock valued at $20,594,000 after buying an additional 50,146 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB opened at $51.74 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $48.08 and a fifty-two week high of $52.13. The business has a 50-day simple moving average of $51.79 and a two-hundred day simple moving average of $51.37.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.139 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.