Thrivent Financial for Lutherans Lowers Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Thrivent Financial for Lutherans decreased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 10.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 49,958 shares of the company’s stock after selling 5,857 shares during the quarter. Thrivent Financial for Lutherans’ holdings in First Trust Managed Municipal ETF were worth $2,596,000 as of its most recent filing with the SEC.

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

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock opened at $51.55 on Wednesday. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13. The business has a fifty day moving average of $51.56 and a two-hundred day moving average of $51.43.

First Trust Managed Municipal ETF Announces Dividend

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

First Trust Managed Municipal ETF 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.