Congress Wealth Management LLC DE Reduces Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Congress Wealth Management LLC DE reduced its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 466,653 shares of the company’s stock after selling 10,313 shares during the period. Congress Wealth Management LLC DE’s holdings in First Trust Managed Municipal ETF were worth $23,804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Private Trust Co. NA grew its stake in First Trust Managed Municipal ETF by 1.0% during the 4th quarter. Private Trust Co. NA now owns 20,210 shares of the company’s stock worth $1,031,000 after buying an additional 200 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 3.2% in the fourth quarter. Valmark Advisers Inc. now owns 8,386 shares of the company’s stock valued at $428,000 after acquiring an additional 257 shares during the period. WealthCare Investment Partners LLC grew its position 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 last quarter. Westside Investment Management Inc. increased its holdings in shares of First Trust Managed Municipal ETF by 0.5% in the 3rd quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after acquiring an additional 343 shares during the period. Finally, Walkner Condon Financial Advisors LLC raised its position in First Trust Managed Municipal ETF by 3.5% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 10,064 shares of the company’s stock valued at $513,000 after purchasing an additional 343 shares during the last quarter.

First Trust Managed Municipal ETF Trading Down 0.2 %

Shares of NASDAQ:FMB opened at $50.85 on Monday. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13. The firm has a fifty day moving average price of $51.07 and a 200 day moving average price of $51.34.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a dividend of $0.14 per share. 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.