First Trust Managed Municipal ETF (NASDAQ:FMB) Stock Position Reduced by Summit Wealth Partners LLC

Summit Wealth Partners LLC trimmed its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 9.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,297 shares of the company’s stock after selling 2,288 shares during the quarter. Summit Wealth Partners LLC owned about 0.06% of First Trust Managed Municipal ETF worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. PFS Partners LLC increased its position in First Trust Managed Municipal ETF by 2.1% in the 3rd quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock valued at $530,000 after acquiring an additional 214 shares during the period. Westside Investment Management Inc. boosted its stake in First Trust Managed Municipal ETF by 0.5% during the 3rd quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after purchasing an additional 343 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in First Trust Managed Municipal ETF by 5.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 7,838 shares of the company’s stock valued at $400,000 after purchasing an additional 386 shares in the last quarter. Main Line Retirement Advisors LLC boosted its stake in First Trust Managed Municipal ETF by 0.8% during the 3rd quarter. Main Line Retirement Advisors LLC now owns 64,206 shares of the company’s stock valued at $3,336,000 after purchasing an additional 527 shares in the last quarter. Finally, Weitzel Financial Services Inc. boosted its stake in First Trust Managed Municipal ETF by 1.2% during the 3rd quarter. Weitzel Financial Services Inc. now owns 48,183 shares of the company’s stock valued at $2,509,000 after purchasing an additional 569 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

FMB opened at $51.32 on Thursday. The business has a fifty day simple moving average of $51.15 and a 200-day simple moving average of $51.44. 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 Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a dividend of $0.14 per share. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Wednesday, January 22nd.

First Trust Managed Municipal ETF Profile

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.