HFG Wealth Management LLC Sells 3,972 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

HFG Wealth Management LLC trimmed its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 7.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 47,864 shares of the company’s stock after selling 3,972 shares during the period. First Trust Managed Municipal ETF makes up about 1.6% of HFG Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position. HFG Wealth Management LLC owned 0.12% of First Trust Managed Municipal ETF worth $2,487,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in First Trust Managed Municipal ETF by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after purchasing an additional 25,002 shares during the period. NewEdge Advisors LLC lifted its position in First Trust Managed Municipal ETF by 39.3% in the 2nd quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock valued at $12,084,000 after acquiring an additional 66,762 shares in the last quarter. Jane Street Group LLC acquired a new position in First Trust Managed Municipal ETF in the 3rd quarter worth $1,555,000. GM Advisory Group LLC increased its holdings in First Trust Managed Municipal ETF by 21.4% during the 2nd quarter. GM Advisory Group LLC now owns 165,632 shares of the company’s stock worth $8,457,000 after purchasing an additional 29,187 shares in the last quarter. Finally, Meeder Advisory Services Inc. acquired a new stake in shares of First Trust Managed Municipal ETF in the 2nd quarter valued at about $341,000.

First Trust Managed Municipal ETF Stock Down 0.2 %

First Trust Managed Municipal ETF stock traded down $0.11 during mid-day trading on Monday, reaching $50.64. The company’s stock had a trading volume of 115,281 shares, compared to its average volume of 170,784. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13. The business’s 50 day simple moving average is $51.29 and its 200 day simple moving average is $51.49.

First Trust Managed Municipal ETF Announces Dividend

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

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.