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

ShoreHaven Wealth Partners LLC reduced its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 9.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,721 shares of the company’s stock after selling 950 shares during the quarter. ShoreHaven Wealth Partners LLC’s holdings in First Trust Managed Municipal ETF were worth $445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. raised its holdings in First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after buying an additional 1,300 shares during the period. Fifth Third Bancorp increased its position in shares of First Trust Managed Municipal ETF by 177.8% during the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after acquiring an additional 1,778 shares during the last quarter. Dopkins Wealth Management LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the third quarter valued at about $201,000. TrueWealth Advisors LLC purchased a new stake in shares of First Trust Managed Municipal ETF in the 4th quarter valued at approximately $207,000. Finally, James Investment Research Inc. acquired a new position in shares of First Trust Managed Municipal ETF in the 3rd quarter worth approximately $224,000.

First Trust Managed Municipal ETF Trading Up 0.3 %

First Trust Managed Municipal ETF stock opened at $51.09 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13. The firm has a 50 day moving average price of $51.08 and a 200 day moving average price of $51.43.

First Trust Managed Municipal ETF Increases Dividend

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

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.