Summit Wealth Partners LLC Sells 633 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Summit Wealth Partners LLC decreased its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,585 shares of the company’s stock after selling 633 shares during the quarter. Summit Wealth Partners LLC owned approximately 0.06% of First Trust Managed Municipal ETF worth $1,277,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. &PARTNERS grew its stake in shares of First Trust Managed Municipal ETF by 9.9% in the second quarter. &PARTNERS now owns 21,950 shares of the company’s stock worth $1,121,000 after acquiring an additional 1,979 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of First Trust Managed Municipal ETF in the second quarter worth $51,000. NewEdge Advisors LLC grew its stake in shares of First Trust Managed Municipal ETF by 39.3% in the second quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock worth $12,084,000 after acquiring an additional 66,762 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of First Trust Managed Municipal ETF by 3.8% in the first quarter. Ameritas Investment Partners Inc. now owns 8,899 shares of the company’s stock worth $457,000 after acquiring an additional 327 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of First Trust Managed Municipal ETF by 3.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 128,018 shares of the company’s stock worth $6,537,000 after acquiring an additional 4,313 shares during the last quarter.

First Trust Managed Municipal ETF Trading Up 0.0 %

FMB opened at $51.14 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $48.08 and a fifty-two week high of $52.13. The firm’s fifty day moving average price is $51.72 and its two-hundred day moving average price is $51.38.

First Trust Managed Municipal ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were paid a $0.139 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd.

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.