Grant GrossMendelsohn LLC Trims Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Grant GrossMendelsohn LLC trimmed its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 29.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,100 shares of the company’s stock after selling 14,561 shares during the period. Grant GrossMendelsohn LLC owned about 0.09% of First Trust Managed Municipal ETF worth $1,790,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Pinnacle Bancorp Inc. lifted its stake in shares of First Trust Managed Municipal ETF by 152.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after buying an additional 1,300 shares during the period. Christopher J. Hasenberg Inc purchased a new position in shares of First Trust Managed Municipal ETF during the 3rd quarter worth $166,000. Dopkins Wealth Management LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the third quarter worth $201,000. James Investment Research Inc. purchased a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at $224,000. Finally, Prospect Financial Services LLC increased its stake in First Trust Managed Municipal ETF by 23.0% in the third quarter. Prospect Financial Services LLC now owns 5,195 shares of the company’s stock valued at $270,000 after purchasing an additional 970 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ:FMB opened at $50.89 on Friday. The stock’s 50-day moving average price is $51.25 and its two-hundred day moving average price is $51.47. 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 Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.139 dividend. The ex-dividend date was Friday, December 13th.

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.