First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by RFG Advisory LLC

RFG Advisory LLC trimmed its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,020 shares of the company’s stock after selling 5,723 shares during the quarter. RFG Advisory LLC’s holdings in First Trust Managed Municipal ETF were worth $8,979,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. PFS Partners LLC grew its stake in shares of First Trust Managed Municipal ETF by 2.1% in the 3rd quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock valued at $530,000 after purchasing an additional 214 shares during the last quarter. Westside Investment Management Inc. grew its position in First Trust Managed Municipal ETF by 0.5% in the 3rd quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after buying an additional 343 shares during the last quarter. Main Line Retirement Advisors LLC increased its stake in First Trust Managed Municipal ETF by 0.8% in the 3rd quarter. Main Line Retirement Advisors LLC now owns 64,206 shares of the company’s stock valued at $3,336,000 after buying an additional 527 shares during the period. Weitzel Financial Services Inc. raised its position in First Trust Managed Municipal ETF by 1.2% during the 3rd quarter. Weitzel Financial Services Inc. now owns 48,183 shares of the company’s stock worth $2,509,000 after buying an additional 569 shares during the last quarter. Finally, Arkansas Financial Group Inc. raised its position in First Trust Managed Municipal ETF by 0.5% during the 3rd quarter. Arkansas Financial Group Inc. now owns 122,323 shares of the company’s stock worth $6,356,000 after buying an additional 592 shares during the last quarter.

First Trust Managed Municipal ETF Stock Down 0.2 %

Shares of NASDAQ:FMB opened at $50.74 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13. The firm’s 50-day simple moving average is $51.23 and its 200-day simple moving average is $51.46.

First Trust Managed Municipal ETF Increases Dividend

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

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.