Lifeworks Advisors LLC Sells 1,675 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Lifeworks Advisors LLC lessened its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 26.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,550 shares of the company’s stock after selling 1,675 shares during the quarter. Lifeworks Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of First Trust Managed Municipal ETF in the 1st quarter worth approximately $15,269,000. CWA Asset Management Group LLC bought a new position in First Trust Managed Municipal ETF in the third quarter worth approximately $13,088,000. Cetera Investment Advisers boosted its stake in shares of First Trust Managed Municipal ETF by 246.7% during the 1st quarter. Cetera Investment Advisers now owns 252,562 shares of the company’s stock worth $12,972,000 after acquiring an additional 179,710 shares during the last quarter. ARQ Wealth Advisors LLC bought a new stake in shares of First Trust Managed Municipal ETF during the 1st quarter valued at $6,428,000. Finally, International Assets Investment Management LLC raised its holdings in First Trust Managed Municipal ETF by 5,096.0% in the 3rd quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock worth $5,934,000 after purchasing an additional 112,010 shares during the period.

First Trust Managed Municipal ETF Trading Up 0.1 %

NASDAQ FMB opened at $51.32 on Friday. The business’s fifty day moving average is $51.65 and its 200 day moving average is $51.40. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

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

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.