Tidemark LLC Has $33,000 Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Tidemark LLC cut its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 31.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 637 shares of the company’s stock after selling 298 shares during the period. Tidemark LLC’s holdings in First Trust Managed Municipal ETF were worth $33,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BCGM Wealth Management LLC lifted its stake in First Trust Managed Municipal ETF by 5.8% during the third quarter. BCGM Wealth Management LLC now owns 107,199 shares of the company’s stock worth $5,570,000 after purchasing an additional 5,885 shares during the period. Prospera Financial Services Inc raised its holdings in shares of First Trust Managed Municipal ETF by 48.0% in the 3rd quarter. Prospera Financial Services Inc now owns 67,596 shares of the company’s stock worth $3,513,000 after buying an additional 21,932 shares in the last quarter. Cypress Capital Group lifted its position in shares of First Trust Managed Municipal ETF by 28.9% during the 3rd quarter. Cypress Capital Group now owns 33,450 shares of the company’s stock worth $1,738,000 after buying an additional 7,500 shares during the period. LPL Financial LLC boosted its stake in First Trust Managed Municipal ETF by 6.9% in the 3rd 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 in the last quarter. Finally, GM Advisory Group LLC grew its position in First Trust Managed Municipal ETF by 20.1% in the third quarter. GM Advisory Group LLC now owns 198,872 shares of the company’s stock valued at $10,333,000 after acquiring an additional 33,240 shares during the period.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB opened at $50.85 on Monday. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13. The business has a fifty day moving average of $51.08 and a two-hundred day moving average of $51.37.

First Trust Managed Municipal ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, February 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.