Wells Fargo & Company MN Cuts Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Wells Fargo & Company MN trimmed its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.7% during the 4th quarter, Holdings Channel reports. The fund owned 2,405,323 shares of the company’s stock after selling 42,711 shares during the period. Wells Fargo & Company MN owned approximately 0.06% of First Trust Managed Municipal ETF worth $122,696,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Tucker Asset Management LLC increased its position in First Trust Managed Municipal ETF by 933.3% in the fourth quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock worth $30,000 after purchasing an additional 532 shares during the last quarter. Duncker Streett & Co. Inc. purchased a new position in shares of First Trust Managed Municipal ETF in the 4th quarter worth $108,000. Pinnacle Bancorp Inc. increased its holdings in shares of 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 worth $110,000 after buying an additional 1,300 shares during the last quarter. Fifth Third Bancorp raised its position in shares of 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 buying an additional 1,778 shares in the last quarter. Finally, TrueWealth Advisors LLC bought a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at about $207,000.

First Trust Managed Municipal ETF Trading Up 0.3 %

FMB opened at $50.93 on Monday. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13. The stock has a 50-day moving average of $51.02 and a 200 day moving average of $51.25.

First Trust Managed Municipal ETF Announces Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 27th.

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.