Westside Investment Management Inc. Sells 1,366 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Westside Investment Management Inc. lowered its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 62,076 shares of the company’s stock after selling 1,366 shares during the period. Westside Investment Management Inc.’s holdings in First Trust Managed Municipal ETF were worth $3,167,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. LPL Financial LLC grew its stake in shares of First Trust Managed Municipal ETF by 6.9% during the third quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock valued at $130,283,000 after buying an additional 162,331 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in First Trust Managed Municipal ETF by 5.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock valued at $32,128,000 after acquiring an additional 29,957 shares during the period. JPMorgan Chase & Co. increased its stake in First Trust Managed Municipal ETF by 6.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after purchasing an additional 25,002 shares during the period. OneDigital Investment Advisors LLC increased its stake in First Trust Managed Municipal ETF by 5.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock worth $21,780,000 after purchasing an additional 19,917 shares during the period. Finally, Stifel Financial Corp lifted its position in First Trust Managed Municipal ETF by 5.4% in the third quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock valued at $17,186,000 after purchasing an additional 16,894 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of First Trust Managed Municipal ETF stock opened at $50.91 on Wednesday. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13. The company’s 50 day moving average price is $51.24 and its 200-day moving average price is $51.47.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.139 dividend. The ex-dividend date was Friday, December 13th.

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.