Saxon Interests Inc. Cuts Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Saxon Interests Inc. trimmed its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,850 shares of the company’s stock after selling 359 shares during the quarter. Saxon Interests Inc.’s holdings in First Trust Managed Municipal ETF were worth $502,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FMB. Pinnacle Bancorp Inc. raised its position in shares of First Trust Managed Municipal ETF by 152.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after purchasing an additional 1,300 shares during the last quarter. Christopher J. Hasenberg Inc acquired a new position in shares of First Trust Managed Municipal ETF during the third quarter valued at approximately $166,000. Dopkins Wealth Management LLC purchased a new position in shares of First Trust Managed Municipal ETF in the third quarter valued at approximately $201,000. James Investment Research Inc. acquired a new stake in shares of First Trust Managed Municipal ETF in the third quarter worth approximately $224,000. Finally, Prospect Financial Services LLC increased its position in shares of First Trust Managed Municipal ETF by 23.0% during the third quarter. Prospect Financial Services LLC now owns 5,195 shares of the company’s stock worth $270,000 after purchasing an additional 970 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB stock opened at $50.92 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13. The stock’s fifty day moving average is $51.26 and its two-hundred day moving average is $51.47.

First Trust Managed Municipal ETF Dividend Announcement

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

First Trust Managed Municipal ETF Company 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.