Good Life Advisors LLC Decreases Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Good Life Advisors LLC trimmed its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 56.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,009 shares of the company’s stock after selling 5,192 shares during the period. Good Life Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hedeker Wealth LLC lifted its holdings in First Trust Managed Municipal ETF by 53.3% during the fourth quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock valued at $2,717,000 after purchasing an additional 18,519 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in First Trust Managed Municipal ETF during the fourth quarter valued at $249,000. JPMorgan Chase & Co. lifted its holdings in First Trust Managed Municipal ETF by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock valued at $21,896,000 after purchasing an additional 25,002 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of First Trust Managed Municipal ETF by 177.8% in the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after buying an additional 1,778 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of First Trust Managed Municipal ETF in the third quarter worth about $1,555,000.

First Trust Managed Municipal ETF Price Performance

NASDAQ:FMB opened at $51.24 on Friday. The company’s 50-day moving average price is $51.00 and its 200-day moving average price is $51.42. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a $0.14 dividend. The ex-dividend date is Friday, February 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.