RFG Advisory LLC Cuts Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

RFG Advisory LLC reduced its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMBFree Report) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,020 shares of the company’s stock after selling 5,723 shares during the period. RFG Advisory LLC owned about 0.45% of First Trust Managed Municipal ETF worth $8,979,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. boosted its position in First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after buying an additional 1,300 shares during the period. Christopher J. Hasenberg Inc purchased a new position in First Trust Managed Municipal ETF in the third quarter valued at $166,000. Dopkins Wealth Management LLC purchased a new position in First Trust Managed Municipal ETF in the third quarter valued at $201,000. TrueWealth Advisors LLC acquired a new position in First Trust Managed Municipal ETF during the 4th quarter worth $207,000. Finally, James Investment Research Inc. purchased a new stake in First Trust Managed Municipal ETF during the 3rd quarter worth about $224,000.

First Trust Managed Municipal ETF Trading Down 0.2 %

Shares of FMB opened at $50.74 on Friday. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13. The stock has a 50-day simple moving average of $51.23 and a 200-day simple moving average of $51.46.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a $0.14 dividend. The ex-dividend date is Wednesday, January 22nd. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14.

First Trust Managed Municipal ETF Company Profile

(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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