Cottonwood Capital Advisors LLC Sells 1,310 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Cottonwood Capital Advisors LLC cut its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,279 shares of the company’s stock after selling 1,310 shares during the period. Cottonwood Capital Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $742,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in FMB. Strategic Financial Partners Ltd. boosted its stake in First Trust Managed Municipal ETF by 0.6% during the second quarter. Strategic Financial Partners Ltd. now owns 33,547 shares of the company’s stock worth $1,713,000 after buying an additional 207 shares during the period. PFS Partners LLC boosted its stake in shares of First Trust Managed Municipal ETF by 2.1% during the 3rd quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock worth $530,000 after purchasing an additional 214 shares during the period. Great Valley Advisor Group Inc. grew its holdings in First Trust Managed Municipal ETF by 2.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 11,363 shares of the company’s stock valued at $580,000 after purchasing an additional 252 shares during the last quarter. Auour Investments LLC grew its holdings in First Trust Managed Municipal ETF by 3.7% during the 2nd quarter. Auour Investments LLC now owns 7,191 shares of the company’s stock valued at $367,000 after purchasing an additional 256 shares during the last quarter. Finally, Prestige Wealth Management Group LLC raised its position in First Trust Managed Municipal ETF by 0.4% in the 2nd quarter. Prestige Wealth Management Group LLC now owns 79,954 shares of the company’s stock worth $4,082,000 after purchasing an additional 292 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ:FMB opened at $51.42 on Monday. The business has a 50 day simple moving average of $51.67 and a two-hundred day simple moving average of $51.39. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were issued a dividend of $0.139 per share. 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.