Bernardo Wealth Planning LLC Sells 5,041 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Bernardo Wealth Planning LLC reduced its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 13.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,455 shares of the company’s stock after selling 5,041 shares during the quarter. Bernardo Wealth Planning LLC owned 0.08% of First Trust Managed Municipal ETF worth $1,596,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Pinnacle Bancorp Inc. increased its stake in 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 worth $110,000 after purchasing an additional 1,300 shares in the last quarter. Christopher J. Hasenberg Inc bought a new stake in shares of First Trust Managed Municipal ETF during the third quarter worth $166,000. Dopkins Wealth Management LLC bought a new stake in shares of First Trust Managed Municipal ETF during the third quarter worth $201,000. TrueWealth Advisors LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth $207,000. Finally, James Investment Research Inc. bought a new stake in First Trust Managed Municipal ETF in the 3rd quarter valued at $224,000.

First Trust Managed Municipal ETF Trading Up 0.2 %

FMB stock opened at $50.89 on Friday. The stock has a 50-day moving average price of $51.25 and a two-hundred day moving average price of $51.47. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.139 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.