GM Advisory Group LLC Sells 1,122 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

GM Advisory Group LLC trimmed its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,750 shares of the company’s stock after selling 1,122 shares during the period. GM Advisory Group LLC owned about 0.50% of First Trust Managed Municipal ETF worth $10,087,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Hedeker Wealth LLC raised its stake in shares of First Trust Managed Municipal ETF by 53.3% during the 4th quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock worth $2,717,000 after purchasing an additional 18,519 shares during the period. Atomi Financial Group Inc. bought a new stake in shares of First Trust Managed Municipal ETF during the 4th quarter worth $249,000. US Bancorp DE raised its stake in shares of First Trust Managed Municipal ETF by 45.1% during the 4th quarter. US Bancorp DE now owns 10,861 shares of the company’s stock worth $554,000 after purchasing an additional 3,376 shares during the period. Keybank National Association OH purchased a new stake in First Trust Managed Municipal ETF in the 4th quarter worth about $554,000. Finally, JPMorgan Chase & Co. increased its holdings 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 acquiring an additional 25,002 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of FMB opened at $50.87 on Wednesday. The business has a 50-day moving average of $51.07 and a 200 day moving average of $51.36. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

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