Blackhawk Capital Partners LLC. Trims Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Blackhawk Capital Partners LLC. cut its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 10.1% in the third quarter, HoldingsChannel.com reports. The firm owned 48,512 shares of the company’s stock after selling 5,453 shares during the quarter. First Trust Managed Municipal ETF accounts for about 1.3% of Blackhawk Capital Partners LLC.’s investment portfolio, making the stock its 22nd largest holding. Blackhawk Capital Partners LLC.’s holdings in First Trust Managed Municipal ETF were worth $2,521,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DHJJ Financial Advisors Ltd. boosted its stake 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 worth $40,000 after buying an additional 430 shares during the period. Fifth Third Bancorp acquired a new position in shares of First Trust Managed Municipal ETF in the 2nd quarter worth approximately $51,000. IAG Wealth Partners LLC acquired a new position in shares of First Trust Managed Municipal ETF in the 2nd quarter worth approximately $53,000. WR Wealth Planners LLC purchased a new position in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $56,000. Finally, International Assets Investment Management LLC acquired a new stake in First Trust Managed Municipal ETF in the 2nd quarter valued at approximately $112,000.

First Trust Managed Municipal ETF Stock Performance

NASDAQ:FMB opened at $51.47 on Thursday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The stock’s fifty day moving average is $51.60 and its two-hundred day moving average is $51.42.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were paid a dividend of $0.139 per share. The ex-dividend date was Tuesday, October 22nd.

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.