First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by ShoreHaven Wealth Partners LLC

ShoreHaven Wealth Partners LLC lessened its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 11.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,684 shares of the company’s stock after selling 737 shares during the quarter. ShoreHaven Wealth Partners LLC’s holdings in First Trust Managed Municipal ETF were worth $294,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Private Advisor Group LLC raised its holdings in shares of First Trust Managed Municipal ETF by 12.9% during the fourth quarter. Private Advisor Group LLC now owns 160,775 shares of the company’s stock valued at $8,306,000 after buying an additional 18,376 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of First Trust Managed Municipal ETF by 2.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 17,616 shares of the company’s stock worth $910,000 after buying an additional 427 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 29.3% in the fourth quarter. First Horizon Advisors Inc. now owns 109,972 shares of the company’s stock valued at $5,682,000 after acquiring an additional 24,890 shares in the last quarter. MONECO Advisors LLC boosted its stake in shares of First Trust Managed Municipal ETF by 8.2% during the 4th quarter. MONECO Advisors LLC now owns 17,500 shares of the company’s stock worth $904,000 after acquiring an additional 1,326 shares in the last quarter. Finally, Steele Capital Management Inc. acquired a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth $398,000.

First Trust Managed Municipal ETF Trading Up 0.0 %

Shares of NASDAQ:FMB traded up $0.02 during midday trading on Wednesday, reaching $51.23. The company had a trading volume of 87,898 shares, compared to its average volume of 160,351. First Trust Managed Municipal ETF has a 1-year low of $48.08 and a 1-year high of $51.77. The company has a fifty day simple moving average of $51.21 and a two-hundred day simple moving average of $50.88.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th were paid a $0.135 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Tuesday, April 23rd.

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.