Great Valley Advisor Group Inc. Decreases Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Great Valley Advisor Group Inc. lessened its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,712 shares of the company’s stock after selling 651 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in First Trust Managed Municipal ETF were worth $557,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. LPL Financial LLC raised its holdings 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 acquiring an additional 162,331 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in First Trust Managed Municipal ETF by 3.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,024,717 shares of the company’s stock valued at $52,322,000 after purchasing an additional 37,199 shares during the last quarter. Miracle Mile Advisors LLC lifted its holdings in First Trust Managed Municipal ETF by 22.2% in the 3rd quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock valued at $31,169,000 after purchasing an additional 109,001 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in First Trust Managed Municipal ETF by 5.0% during 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 last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of First Trust Managed Municipal ETF by 14.2% during the second quarter. Envestnet Asset Management Inc. now owns 403,320 shares of the company’s stock worth $20,594,000 after buying an additional 50,146 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

NASDAQ:FMB opened at $51.55 on Wednesday. The company’s 50-day moving average price is $51.56 and its 200-day moving average price is $51.43. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.139 per share. The ex-dividend date of this dividend is Thursday, November 21st.

About First Trust Managed Municipal ETF

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.