Family Capital Management Inc. Has $1.81 Million Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Family Capital Management Inc. reduced its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,762 shares of the company’s stock after selling 603 shares during the quarter. First Trust Managed Municipal ETF comprises about 1.2% of Family Capital Management Inc.’s portfolio, making the stock its 21st largest position. Family Capital Management Inc. owned about 0.09% of First Trust Managed Municipal ETF worth $1,806,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Icon Wealth Advisors LLC lifted its position in shares of First Trust Managed Municipal ETF by 211.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 15,367 shares of the company’s stock worth $798,000 after buying an additional 10,435 shares during the last quarter. GM Advisory Group LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 20.1% in the third quarter. GM Advisory Group LLC now owns 198,872 shares of the company’s stock worth $10,333,000 after acquiring an additional 33,240 shares during the last quarter. LPL Financial LLC grew its holdings in shares of First Trust Managed Municipal ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock valued at $130,283,000 after purchasing an additional 162,331 shares during the last quarter. Cypress Capital Group increased its position in First Trust Managed Municipal ETF by 28.9% during the 3rd quarter. Cypress Capital Group now owns 33,450 shares of the company’s stock worth $1,738,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its stake in First Trust Managed Municipal ETF by 48.0% in the 3rd quarter. Prospera Financial Services Inc now owns 67,596 shares of the company’s stock valued at $3,513,000 after purchasing an additional 21,932 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of First Trust Managed Municipal ETF stock opened at $51.35 on Friday. The company’s 50 day moving average price is $51.58 and its two-hundred day moving average price is $51.43. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors 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.