First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Private Advisor Group LLC

Posted by MarketBeat News on Oct 26th, 2024

Private Advisor Group LLC lessened its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) by 4.2% during the 3rd quarter, Holdings Channel reports. The firm owned 150,673 shares of the company’s stock after selling 6,679 shares during the quarter. Private Advisor Group LLC’s holdings in First Trust Managed Municipal ETF were worth $7,829,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FMB. DHJJ Financial Advisors Ltd. increased its position in First Trust Managed Municipal ETF by 119.4% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock worth $40,000 after purchasing an additional 430 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth about $51,000. IAG Wealth Partners LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the second quarter worth about $53,000. WR Wealth Planners LLC acquired a new position in shares of First Trust Managed Municipal ETF in the second quarter valued at approximately $56,000. Finally, International Assets Investment Management LLC purchased a new position in shares of First Trust Managed Municipal ETF during the second quarter valued at approximately $112,000.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $51.15 on Friday. First Trust Managed Municipal ETF has a 1 year low of $48.08 and a 1 year high of $52.13. The firm’s 50 day moving average price is $51.75 and its 200 day moving average price is $51.37.

First Trust Managed Municipal ETF Dividend Announcement

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The firm also recently disclosed a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd will be given a $0.139 dividend. The ex-dividend date is Tuesday, October 22nd.

First Trust Managed Municipal ETF Company Profile

(Free Report)

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.