First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. trimmed its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 24.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,624 shares of the company’s stock after selling 3,977 shares during the quarter. Harbour Investments Inc.’s holdings in First Trust Managed Municipal ETF were worth $644,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FMB. Hedeker Wealth LLC raised its position in shares of First Trust Managed Municipal ETF by 53.3% during the 4th quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock worth $2,717,000 after purchasing an additional 18,519 shares during the last quarter. Atomi Financial Group Inc. purchased a new position in First Trust Managed Municipal ETF during the fourth quarter worth $249,000. US Bancorp DE raised its holdings in shares of First Trust Managed Municipal ETF by 45.1% in the fourth quarter. US Bancorp DE now owns 10,861 shares of the company’s stock worth $554,000 after acquiring an additional 3,376 shares during the last quarter. Keybank National Association OH purchased a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter valued at $554,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of First Trust Managed Municipal ETF by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 209,281 shares of the company’s stock valued at $10,675,000 after acquiring an additional 5,574 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of FMB stock opened at $50.88 on Thursday. The firm has a 50-day moving average price of $51.07 and a 200 day moving average price of $51.36. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.14 dividend. The ex-dividend date was Friday, February 21st.

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.