First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. reduced its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,132 shares of the company’s stock after selling 2,222 shares during the quarter. Koshinski Asset Management Inc.’s holdings in First Trust Managed Municipal ETF were worth $1,231,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. increased its position in shares of First Trust Managed Municipal ETF by 4.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 18,916 shares of the company’s stock valued at $966,000 after acquiring an additional 793 shares during the period. NewEdge Advisors LLC increased its holdings in shares of First Trust Managed Municipal ETF by 39.3% in the second quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock valued at $12,084,000 after purchasing an additional 66,762 shares during the period. Traction Financial Partners LLC raised its stake in shares of First Trust Managed Municipal ETF by 83.8% in the second quarter. Traction Financial Partners LLC now owns 28,971 shares of the company’s stock worth $1,494,000 after purchasing an additional 13,211 shares during the last quarter. HFG Wealth Management LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 1.8% during the second quarter. HFG Wealth Management LLC now owns 51,836 shares of the company’s stock worth $2,647,000 after purchasing an additional 902 shares during the period. Finally, Truist Financial Corp boosted its position in First Trust Managed Municipal ETF by 1.9% in the second quarter. Truist Financial Corp now owns 289,752 shares of the company’s stock valued at $14,795,000 after buying an additional 5,387 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

FMB opened at $50.98 on Wednesday. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13. The firm has a 50 day moving average of $51.24 and a two-hundred day moving average of $51.47.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.139 per share. 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.