Good Life Advisors LLC Trims Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Good Life Advisors LLC cut its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 56.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,009 shares of the company’s stock after selling 5,192 shares during the quarter. Good Life Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $205,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. LPL Financial LLC raised its stake 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 worth $130,283,000 after purchasing an additional 162,331 shares during the period. Miracle Mile Advisors LLC raised its stake in 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 worth $32,128,000 after purchasing an additional 29,957 shares during the period. JPMorgan Chase & Co. raised its stake in 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 worth $21,896,000 after purchasing an additional 25,002 shares during the period. OneDigital Investment Advisors LLC raised its stake in 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 worth $21,780,000 after purchasing an additional 19,917 shares during the period. Finally, Stifel Financial Corp raised its stake in 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 worth $17,186,000 after purchasing an additional 16,894 shares during the period.

First Trust Managed Municipal ETF Stock Down 0.0 %

Shares of FMB stock opened at $51.24 on Friday. The firm’s 50-day moving average is $51.00 and its two-hundred day moving average is $51.42. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.14 per share. The ex-dividend date is Friday, February 21st.

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.