NewSquare Capital LLC Sells 566 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

NewSquare Capital LLC lessened its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,293 shares of the company’s stock after selling 566 shares during the period. NewSquare Capital LLC’s holdings in First Trust Managed Municipal ETF were worth $627,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA boosted its holdings in shares of First Trust Managed Municipal ETF by 1.0% during the fourth quarter. Private Trust Co. NA now owns 20,210 shares of the company’s stock worth $1,031,000 after acquiring an additional 200 shares during the period. PFS Partners LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 2.1% during the third quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock worth $530,000 after acquiring an additional 214 shares during the period. Valmark Advisers Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 3.2% during the fourth quarter. Valmark Advisers Inc. now owns 8,386 shares of the company’s stock worth $428,000 after acquiring an additional 257 shares during the period. WealthCare Investment Partners LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 0.6% during the fourth quarter. WealthCare Investment Partners LLC now owns 48,816 shares of the company’s stock worth $2,495,000 after acquiring an additional 274 shares during the period. Finally, Westside Investment Management Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 0.5% in the third quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after buying an additional 343 shares during the period.

First Trust Managed Municipal ETF Trading Down 0.0 %

Shares of FMB stock opened at $51.29 on Thursday. The stock has a 50 day simple moving average of $51.07 and a 200 day simple moving average of $51.40. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.14 dividend. The ex-dividend date was 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.