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

EdgeRock Capital LLC reduced its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,688 shares of the company’s stock after selling 2,142 shares during the quarter. First Trust Managed Municipal ETF comprises approximately 1.6% of EdgeRock Capital LLC’s holdings, making the stock its 12th largest position. EdgeRock Capital LLC owned 0.11% of First Trust Managed Municipal ETF worth $2,270,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FMB. Core Wealth Partners LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the first quarter valued at approximately $371,000. &PARTNERS increased its position in First Trust Managed Municipal ETF by 9.9% in the 2nd quarter. &PARTNERS now owns 21,950 shares of the company’s stock valued at $1,121,000 after acquiring an additional 1,979 shares during the period. Fifth Third Bancorp bought a new stake in First Trust Managed Municipal ETF during the 2nd quarter valued at $51,000. NewEdge Advisors LLC boosted its position in First Trust Managed Municipal ETF by 39.3% during the 2nd quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock worth $12,084,000 after acquiring an additional 66,762 shares during the period. Finally, Ameritas Investment Partners Inc. grew its stake in shares of First Trust Managed Municipal ETF by 3.8% in the first quarter. Ameritas Investment Partners Inc. now owns 8,899 shares of the company’s stock worth $457,000 after purchasing an additional 327 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $51.75 on Wednesday. The firm’s 50-day simple moving average is $51.78 and its 200 day simple moving average is $51.36. First Trust Managed Municipal ETF has a fifty-two week low of $48.08 and a fifty-two week high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.139 dividend. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date was Thursday, September 26th.

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.