Southland Equity Partners LLC Decreases Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Southland Equity Partners LLC reduced its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 59.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,146 shares of the company’s stock after selling 29,468 shares during the quarter. Southland Equity Partners LLC’s holdings in First Trust Managed Municipal ETF were worth $1,028,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FMB. Pinnacle Bancorp Inc. increased its stake in shares of First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after acquiring an additional 1,300 shares during the last quarter. Christopher J. Hasenberg Inc purchased a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at about $166,000. Dopkins Wealth Management LLC acquired a new stake in First Trust Managed Municipal ETF during the third quarter worth about $201,000. TrueWealth Advisors LLC acquired a new position in First Trust Managed Municipal ETF in the 4th quarter valued at about $207,000. Finally, James Investment Research Inc. purchased a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter valued at approximately $224,000.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $50.74 on Friday. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13. The company has a 50 day simple moving average of $51.23 and a 200-day simple moving average of $51.46.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.14 per share. 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.

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.