Kowal Investment Group LLC Sells 1,066 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Kowal Investment Group LLC trimmed its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 192,160 shares of the company’s stock after selling 1,066 shares during the quarter. First Trust Managed Municipal ETF comprises about 1.8% of Kowal Investment Group LLC’s holdings, making the stock its 10th biggest position. Kowal Investment Group LLC owned 0.49% of First Trust Managed Municipal ETF worth $9,985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FMB. DHJJ Financial Advisors Ltd. raised its position in shares of First Trust Managed Municipal ETF by 119.4% during the second quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock worth $40,000 after purchasing an additional 430 shares during the period. Fifth Third Bancorp bought a new position in shares of First Trust Managed Municipal ETF in the second quarter valued at $51,000. IAG Wealth Partners LLC acquired a new position in shares of First Trust Managed Municipal ETF during the second quarter valued at about $53,000. WR Wealth Planners LLC acquired a new position in shares of First Trust Managed Municipal ETF during the second quarter valued at about $56,000. Finally, International Assets Investment Management LLC bought a new stake in shares of First Trust Managed Municipal ETF during the second quarter worth about $112,000.

First Trust Managed Municipal ETF Stock Performance

FMB opened at $51.80 on Thursday. First Trust Managed Municipal ETF has a fifty-two week low of $48.08 and a fifty-two week high of $52.13. The company’s 50-day moving average is $51.79 and its 200 day moving average is $51.36.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.139 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.