Strategic Financial Partners Ltd. reduced its position in First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) by 0.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,334 shares of the company’s stock after selling 213 shares during the quarter. First Trust Managed Municipal ETF comprises about 0.9% of Strategic Financial Partners Ltd.’s holdings, making the stock its 21st biggest holding. Strategic Financial Partners Ltd. owned 0.08% of First Trust Managed Municipal ETF worth $1,732,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. lifted its position in First Trust Managed Municipal ETF by 119.4% during the second quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock valued at $40,000 after purchasing an additional 430 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth $51,000. IAG Wealth Partners LLC purchased a new position in First Trust Managed Municipal ETF in the second quarter worth $53,000. WR Wealth Planners LLC bought a new position in First Trust Managed Municipal ETF in the second quarter valued at $56,000. Finally, International Assets Investment Management LLC purchased a new stake in First Trust Managed Municipal ETF during the second quarter valued at about $112,000.
First Trust Managed Municipal ETF Trading Down 0.0 %
FMB opened at $51.12 on Friday. The stock has a 50-day moving average price of $51.71 and a 200-day moving average price of $51.38. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13.
First Trust Managed Municipal ETF Dividend Announcement
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.
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