First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Verus Capital Partners LLC

Verus Capital Partners LLC lessened its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 4.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 191,773 shares of the company’s stock after selling 9,934 shares during the quarter. First Trust Managed Municipal ETF comprises 0.9% of Verus Capital Partners LLC’s investment portfolio, making the stock its 17th biggest holding. Verus Capital Partners LLC owned about 0.48% of First Trust Managed Municipal ETF worth $9,782,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. grew its position in shares of First Trust Managed Municipal ETF by 152.9% during the fourth 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. Fifth Third Bancorp grew its position in First Trust Managed Municipal ETF by 177.8% during the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after purchasing an additional 1,778 shares during the last quarter. Dopkins Wealth Management LLC purchased a new position in First Trust Managed Municipal ETF during the 3rd quarter worth $201,000. TrueWealth Advisors LLC acquired a new position in First Trust Managed Municipal ETF in the fourth quarter valued at $207,000. Finally, James Investment Research Inc. purchased a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at about $224,000.

First Trust Managed Municipal ETF Trading Down 0.2 %

Shares of FMB opened at $51.35 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 has a 50-day simple moving average of $51.02 and a 200-day simple moving average of $51.41.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, February 21st.

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.