First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 113,486 shares of the company’s stock after selling 9,222 shares during the quarter. HighTower Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $5,789,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Private Trust Co. NA raised its stake in shares of First Trust Managed Municipal ETF by 1.0% in the fourth quarter. Private Trust Co. NA now owns 20,210 shares of the company’s stock valued at $1,031,000 after acquiring an additional 200 shares in the last quarter. Valmark Advisers Inc. increased its holdings in First Trust Managed Municipal ETF by 3.2% during the 4th quarter. Valmark Advisers Inc. now owns 8,386 shares of the company’s stock worth $428,000 after purchasing an additional 257 shares during the period. WealthCare Investment Partners LLC boosted its stake in shares of First Trust Managed Municipal ETF by 0.6% in the 4th quarter. WealthCare Investment Partners LLC now owns 48,816 shares of the company’s stock valued at $2,495,000 after buying an additional 274 shares during the period. Westside Investment Management Inc. increased its stake in shares of First Trust Managed Municipal ETF by 0.5% during the third quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock worth $3,294,000 after buying an additional 343 shares during the period. Finally, Walkner Condon Financial Advisors LLC raised its holdings in First Trust Managed Municipal ETF by 3.5% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 10,064 shares of the company’s stock valued at $513,000 after acquiring an additional 343 shares in the last quarter.

First Trust Managed Municipal ETF Trading Up 0.0 %

NASDAQ FMB opened at $50.88 on Thursday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The firm has a 50 day moving average of $51.07 and a two-hundred day moving average of $51.36.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.14 dividend. The ex-dividend date was Friday, February 21st.

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.