First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc cut its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMBFree Report) by 20.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,900 shares of the company’s stock after selling 2,323 shares during the period. Fragasso Financial Advisors Inc’s holdings in First Trust Managed Municipal ETF were worth $454,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CWA Asset Management Group LLC acquired a new position in shares of First Trust Managed Municipal ETF during the 3rd quarter worth about $13,088,000. 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. International Assets Investment Management LLC lifted its position in shares of First Trust Managed Municipal ETF by 5,096.0% in the third quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock valued at $5,934,000 after acquiring an additional 112,010 shares in the last quarter. Miracle Mile Advisors LLC lifted its position in shares of First Trust Managed Municipal ETF by 22.2% in the third quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock valued at $31,169,000 after acquiring an additional 109,001 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the second quarter worth approximately $3,590,000.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $50.67 on Tuesday. The business has a fifty day moving average price of $51.28 and a 200 day moving average price of $51.48. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.139 dividend. The ex-dividend date of this dividend was Friday, December 13th.

About First Trust Managed Municipal ETF

(Free Report)

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.

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Institutional Ownership by Quarter for First Trust Managed Municipal ETF (NASDAQ:FMB)

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