First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Tower Wealth Partners Inc.

Tower Wealth Partners Inc. lessened its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,124 shares of the company’s stock after selling 646 shares during the quarter. First Trust Managed Municipal ETF makes up about 1.3% of Tower Wealth Partners Inc.’s portfolio, making the stock its 13th biggest holding. Tower Wealth Partners Inc. owned approximately 0.10% of First Trust Managed Municipal ETF worth $2,061,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Saxon Interests Inc. lifted its position in First Trust Managed Municipal ETF by 6.2% during the first quarter. Saxon Interests Inc. now owns 10,349 shares of the company’s stock worth $532,000 after buying an additional 600 shares in the last quarter. Naviter Wealth LLC purchased a new stake in shares of First Trust Managed Municipal ETF in the first quarter valued at about $881,000. Financial Strategies Group Inc. increased its position in First Trust Managed Municipal ETF by 75.4% during the first quarter. Financial Strategies Group Inc. now owns 13,289 shares of the company’s stock worth $679,000 after purchasing an additional 5,714 shares during the last quarter. Iams Wealth Management LLC purchased a new position in First Trust Managed Municipal ETF during the first quarter worth about $227,000. Finally, Main Line Retirement Advisors LLC boosted its holdings in First Trust Managed Municipal ETF by 6.6% in the 1st quarter. Main Line Retirement Advisors LLC now owns 62,627 shares of the company’s stock valued at $3,216,000 after purchasing an additional 3,892 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock opened at $51.11 on Wednesday. First Trust Managed Municipal ETF has a 1-year low of $48.08 and a 1-year high of $51.77. The firm has a 50 day simple moving average of $51.02 and a 200-day simple moving average of $51.26.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.137 per share. The ex-dividend date of this dividend was Thursday, June 27th.

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.