D.A. Davidson & CO. Sells 4,130 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

D.A. Davidson & CO. reduced its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 7.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 51,712 shares of the company’s stock after selling 4,130 shares during the period. D.A. Davidson & CO.’s holdings in First Trust Managed Municipal ETF were worth $2,638,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in First Trust Managed Municipal ETF by 5,096.0% in the 3rd quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock worth $5,934,000 after purchasing an additional 112,010 shares in the last quarter. ShoreHaven Wealth Partners LLC raised its holdings in shares of First Trust Managed Municipal ETF by 19.2% during the 3rd quarter. ShoreHaven Wealth Partners LLC now owns 9,671 shares of the company’s stock worth $503,000 after acquiring an additional 1,560 shares in the last quarter. Hedeker Wealth LLC raised its holdings in shares of First Trust Managed Municipal ETF by 20.5% during the 3rd quarter. Hedeker Wealth LLC now owns 34,743 shares of the company’s stock worth $1,805,000 after acquiring an additional 5,917 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of First Trust Managed Municipal ETF by 17.2% during the 3rd quarter. Stephens Inc. AR now owns 37,475 shares of the company’s stock worth $1,947,000 after acquiring an additional 5,500 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC raised its holdings in shares of First Trust Managed Municipal ETF by 11.4% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 10,083 shares of the company’s stock worth $524,000 after acquiring an additional 1,032 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $51.24 on Friday. The business’s 50 day moving average price is $51.00 and its 200-day moving average price is $51.42. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be given a dividend of $0.14 per share. The ex-dividend date is 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.