First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group cut its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,851 shares of the company’s stock after selling 1,058 shares during the period. Rehmann Capital Advisory Group’s holdings in First Trust Managed Municipal ETF were worth $2,902,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp purchased a new stake in First Trust Managed Municipal ETF during the 2nd quarter worth about $51,000. WR Wealth Planners LLC purchased a new stake in First Trust Managed Municipal ETF during the second quarter worth approximately $56,000. International Assets Investment Management LLC acquired a new position in First Trust Managed Municipal ETF in the second quarter valued at approximately $112,000. Christopher J. Hasenberg Inc purchased a new position in First Trust Managed Municipal ETF in the third quarter valued at approximately $166,000. Finally, Dopkins Wealth Management LLC acquired a new stake in First Trust Managed Municipal ETF during the 3rd quarter worth $201,000.

First Trust Managed Municipal ETF Trading Down 0.1 %

FMB opened at $51.80 on Wednesday. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13. The business’s 50-day simple moving average is $51.53 and its 200-day simple moving average is $51.48.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were paid a $0.139 dividend. The ex-dividend date of this dividend was Thursday, November 21st.

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.