Kovack Advisors Inc. Has $366,000 Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Kovack Advisors Inc. cut its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,050 shares of the company’s stock after selling 700 shares during the period. Kovack Advisors Inc.’s holdings in First Trust Managed Municipal ETF were worth $366,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FMB. US Bancorp DE raised its holdings in First Trust Managed Municipal ETF by 17.2% in the 1st quarter. US Bancorp DE now owns 7,485 shares of the company’s stock valued at $384,000 after buying an additional 1,100 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of First Trust Managed Municipal ETF by 3.8% in the first quarter. Ameritas Investment Partners Inc. now owns 8,899 shares of the company’s stock worth $457,000 after purchasing an additional 327 shares during the last quarter. Sentinel Pension Advisors Inc. grew its stake in shares of First Trust Managed Municipal ETF by 24.0% in the first quarter. Sentinel Pension Advisors Inc. now owns 31,544 shares of the company’s stock worth $1,620,000 after purchasing an additional 6,102 shares during the last quarter. Econ Financial Services Corp acquired a new stake in First Trust Managed Municipal ETF in the first quarter valued at $1,982,000. Finally, Jane Street Group LLC bought a new position in First Trust Managed Municipal ETF during the 1st quarter worth $15,269,000.

First Trust Managed Municipal ETF Trading Up 0.1 %

NASDAQ FMB opened at $51.32 on Friday. The business’s 50-day moving average price is $51.65 and its two-hundred day moving average price is $51.40. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were issued a $0.139 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd.

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.