Seascape Capital Management Sells 1,600 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Seascape Capital Management decreased its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,000 shares of the company’s stock after selling 1,600 shares during the quarter. Seascape Capital Management’s holdings in First Trust Managed Municipal ETF were worth $969,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hedeker Wealth LLC grew its stake in shares of First Trust Managed Municipal ETF by 53.3% in the 4th quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock worth $2,717,000 after buying an additional 18,519 shares during the last quarter. Atomi Financial Group Inc. purchased a new position in shares of First Trust Managed Municipal ETF in the 4th quarter worth about $249,000. JPMorgan Chase & Co. boosted its stake in First Trust Managed Municipal ETF by 6.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after purchasing an additional 25,002 shares in the last quarter. Fifth Third Bancorp grew its position in First Trust Managed Municipal ETF by 177.8% during the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after purchasing an additional 1,778 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in First Trust Managed Municipal ETF during the 3rd quarter valued at about $1,555,000.

First Trust Managed Municipal ETF Trading Up 0.2 %

Shares of NASDAQ FMB opened at $51.20 on Friday. The firm’s 50 day moving average price is $51.05 and its 200-day moving average price is $51.43. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

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