Stratos Wealth Advisors LLC Sells 943 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Stratos Wealth Advisors LLC reduced its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 28,689 shares of the company’s stock after selling 943 shares during the period. Stratos Wealth Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Atomi Financial Group Inc. purchased a new position in First Trust Managed Municipal ETF during the 4th quarter valued at about $249,000. JPMorgan Chase & Co. grew its stake in First Trust Managed Municipal ETF by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock valued at $21,896,000 after acquiring an additional 25,002 shares in the last quarter. Fifth Third Bancorp increased its holdings 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 acquiring an additional 1,778 shares during the period. Jane Street Group LLC purchased a new stake in First Trust Managed Municipal ETF in the 3rd quarter worth approximately $1,555,000. Finally, Magnus Financial Group LLC boosted its holdings in First Trust Managed Municipal ETF by 2.3% in the 3rd quarter. Magnus Financial Group LLC now owns 101,700 shares of the company’s stock valued at $5,284,000 after purchasing an additional 2,247 shares during the period.

First Trust Managed Municipal ETF Stock Down 0.0 %

First Trust Managed Municipal ETF stock opened at $51.31 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’s fifty day moving average price is $51.14 and its 200-day moving average price is $51.44.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.