Tidemark LLC Has $49,000 Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Tidemark LLC trimmed its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 34.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 935 shares of the company’s stock after selling 497 shares during the quarter. Tidemark LLC’s holdings in First Trust Managed Municipal ETF were worth $49,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sequoia Financial Advisors LLC increased its stake in First Trust Managed Municipal ETF by 3.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,024,717 shares of the company’s stock valued at $52,322,000 after buying an additional 37,199 shares during the last quarter. Miracle Mile Advisors LLC grew its position in shares of First Trust Managed Municipal ETF by 22.2% in the third quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock valued at $31,169,000 after purchasing an additional 109,001 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in First Trust Managed Municipal ETF by 5.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock worth $21,780,000 after buying an additional 19,917 shares during the period. Envestnet Asset Management Inc. boosted its holdings in First Trust Managed Municipal ETF by 14.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 403,320 shares of the company’s stock valued at $20,594,000 after purchasing an additional 50,146 shares during the period. Finally, Raymond James & Associates boosted its stake in shares of First Trust Managed Municipal ETF by 7.4% in the second quarter. Raymond James & Associates now owns 381,767 shares of the company’s stock valued at $19,493,000 after buying an additional 26,177 shares during the period.

First Trust Managed Municipal ETF Price Performance

FMB stock opened at $51.42 on Monday. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13. The company’s 50-day moving average price is $51.63 and its two-hundred day moving average price is $51.42.

First Trust Managed Municipal ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were paid a $0.139 dividend. The ex-dividend date was Tuesday, October 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.