First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. cut its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 5.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,712 shares of the company’s stock after selling 651 shares during the period. Great Valley Advisor Group Inc.’s holdings in First Trust Managed Municipal ETF were worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. lifted its holdings in shares of First Trust Managed Municipal ETF by 119.4% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock valued at $40,000 after buying an additional 430 shares during the period. Fifth Third Bancorp acquired a new position in First Trust Managed Municipal ETF in the second quarter valued at approximately $51,000. IAG Wealth Partners LLC purchased a new stake in First Trust Managed Municipal ETF in the 2nd quarter worth approximately $53,000. WR Wealth Planners LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $56,000. Finally, International Assets Investment Management LLC purchased a new position in shares of First Trust Managed Municipal ETF during the 2nd quarter valued at approximately $112,000.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB opened at $51.55 on Wednesday. The company’s fifty day moving average price is $51.56 and its 200 day moving average price is $51.43. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.139 per share. The ex-dividend date of this dividend is Thursday, November 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.