National Wealth Management Group LLC Sells 1,749 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

National Wealth Management Group LLC lessened its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 23.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,788 shares of the company’s stock after selling 1,749 shares during the period. National Wealth Management Group LLC’s holdings in First Trust Managed Municipal ETF were worth $295,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter valued at about $58,677,000. Miracle Mile Advisors LLC grew its position 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 worth $32,128,000 after acquiring an additional 29,957 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of First Trust Managed Municipal ETF by 0.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 604,941 shares of the company’s stock valued at $30,858,000 after buying an additional 2,306 shares in the last quarter. JPMorgan Chase & Co. increased its position 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 valued at $21,896,000 after acquiring an additional 25,002 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in First Trust Managed Municipal ETF by 5.4% in the 3rd quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock valued at $17,186,000 after buying an additional 16,894 shares during the last quarter.

First Trust Managed Municipal ETF Trading Up 0.1 %

Shares of FMB stock opened at $50.42 on Tuesday. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13. The stock has a 50-day moving average price of $51.03 and a 200 day moving average price of $51.28.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 27th.

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.