Farther Finance Advisors LLC Sells 1,064 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Farther Finance Advisors LLC decreased its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,250 shares of the company’s stock after selling 1,064 shares during the period. Farther Finance Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $370,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of FMB. LPL Financial LLC increased its holdings in First Trust Managed Municipal ETF by 6.9% during the third quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after buying an additional 162,331 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in First Trust Managed Municipal ETF during the 4th quarter worth about $58,677,000. Miracle Mile Advisors LLC boosted its stake in First Trust Managed Municipal ETF by 5.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock worth $32,128,000 after purchasing an additional 29,957 shares during the period. JPMorgan Chase & Co. grew its holdings in First Trust Managed Municipal ETF by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock valued at $21,896,000 after buying an additional 25,002 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of First Trust Managed Municipal ETF by 5.4% during the third quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock valued at $17,186,000 after buying an additional 16,894 shares during the period.

First Trust Managed Municipal ETF Stock Performance

FMB stock opened at $50.84 on Tuesday. The firm has a 50 day moving average of $51.07 and a 200-day moving average of $51.36. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

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