First Trust Managed Municipal ETF (NASDAQ:FMB) Holdings Trimmed by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 11.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 312,772 shares of the company’s stock after selling 41,823 shares during the quarter. Sequoia Financial Advisors LLC owned 0.79% of First Trust Managed Municipal ETF worth $15,955,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FMB. LPL Financial LLC boosted its position in shares of First Trust Managed Municipal ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock valued at $130,283,000 after purchasing an additional 162,331 shares during the period. Raymond James Financial Inc. acquired a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at $58,677,000. Miracle Mile Advisors LLC boosted its position in shares of First Trust Managed Municipal ETF by 5.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock valued at $32,128,000 after purchasing an additional 29,957 shares during the period. JPMorgan Chase & Co. boosted its position in shares of First Trust Managed Municipal ETF by 6.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock valued at $21,896,000 after purchasing an additional 25,002 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its position in shares of First Trust Managed Municipal ETF by 5.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock valued at $21,780,000 after purchasing an additional 19,917 shares during the period.

First Trust Managed Municipal ETF Trading Down 0.3 %

NASDAQ:FMB opened at $50.88 on Thursday. 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 fifty day simple moving average of $51.09 and a 200 day simple moving average of $51.38.

First Trust Managed Municipal ETF Dividend Announcement

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

First Trust Managed Municipal ETF 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.