D.A. Davidson & CO. Reduces Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

D.A. Davidson & CO. decreased its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,712 shares of the company’s stock after selling 4,130 shares during the quarter. D.A. Davidson & CO. owned about 0.13% of First Trust Managed Municipal ETF worth $2,638,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. LPL Financial LLC lifted its position in 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 buying an additional 162,331 shares during the period. Miracle Mile Advisors LLC increased its holdings in shares of First Trust Managed Municipal ETF by 5.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock valued at $32,128,000 after acquiring an additional 29,957 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of First Trust Managed Municipal ETF by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock valued at $21,896,000 after acquiring an additional 25,002 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of First Trust Managed Municipal ETF by 5.0% during the third quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock valued at $21,780,000 after acquiring an additional 19,917 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of First Trust Managed Municipal ETF by 5.4% during the third quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock valued at $17,186,000 after acquiring an additional 16,894 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ:FMB opened at $51.24 on Friday. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13. The business has a fifty day moving average price of $51.00 and a 200-day moving average price of $51.42.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, February 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.