Family Capital Management Inc. Sells 1,065 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Family Capital Management Inc. lowered its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 33,697 shares of the company’s stock after selling 1,065 shares during the period. First Trust Managed Municipal ETF makes up approximately 1.0% of Family Capital Management Inc.’s portfolio, making the stock its 22nd biggest holding. Family Capital Management Inc.’s holdings in First Trust Managed Municipal ETF were worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 152.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after purchasing an additional 1,300 shares in the last quarter. Fifth Third Bancorp grew its position in First Trust Managed Municipal ETF by 177.8% during the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after purchasing an additional 1,778 shares during the last quarter. Dopkins Wealth Management LLC bought a new stake in shares of First Trust Managed Municipal ETF during the third quarter valued at approximately $201,000. TrueWealth Advisors LLC bought a new stake in shares of First Trust Managed Municipal ETF in the 4th quarter worth $207,000. Finally, James Investment Research Inc. purchased a new position in First Trust Managed Municipal ETF in the 3rd quarter worth about $224,000.

First Trust Managed Municipal ETF Trading Up 0.3 %

Shares of FMB opened at $51.09 on Friday. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13. The firm has a fifty day simple moving average of $51.08 and a two-hundred day simple moving average of $51.43.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, January 22nd. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14.

First Trust Managed Municipal ETF 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.