First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Main Line Retirement Advisors LLC

Main Line Retirement Advisors LLC reduced its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 22.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,764 shares of the company’s stock after selling 14,442 shares during the period. First Trust Managed Municipal ETF comprises approximately 1.7% of Main Line Retirement Advisors LLC’s holdings, making the stock its 13th largest holding. Main Line Retirement Advisors LLC owned about 0.13% of First Trust Managed Municipal ETF worth $2,538,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. increased its position in First Trust Managed Municipal ETF by 152.9% in the fourth 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 period. Fifth Third Bancorp increased its position in First Trust Managed Municipal ETF by 177.8% in the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after buying an additional 1,778 shares during the period. Christopher J. Hasenberg Inc acquired a new stake in First Trust Managed Municipal ETF in the third quarter worth $166,000. Dopkins Wealth Management LLC bought a new position in shares of First Trust Managed Municipal ETF in the third quarter worth $201,000. Finally, TrueWealth Advisors LLC bought a new position in shares of First Trust Managed Municipal ETF in the fourth quarter worth $207,000.

First Trust Managed Municipal ETF Price Performance

NASDAQ:FMB opened at $51.03 on Monday. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13. The business has a fifty day moving average of $51.20 and a 200-day moving average of $51.46.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a $0.14 dividend. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend is Wednesday, January 22nd.

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.