Stephens Consulting LLC lessened its position in First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) by 8.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,189 shares of the company’s stock after selling 302 shares during the period. Stephens Consulting LLC’s holdings in First Trust Managed Municipal ETF were worth $166,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of FMB. Jane Street Group LLC acquired a new position in First Trust Managed Municipal ETF during the first quarter worth approximately $15,269,000. Cetera Investment Advisers increased its holdings in shares of First Trust Managed Municipal ETF by 246.7% during the 1st quarter. Cetera Investment Advisers now owns 252,562 shares of the company’s stock worth $12,972,000 after acquiring an additional 179,710 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in First Trust Managed Municipal ETF by 44.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 524,971 shares of the company’s stock valued at $26,963,000 after acquiring an additional 161,642 shares during the period. ARQ Wealth Advisors LLC bought a new stake in First Trust Managed Municipal ETF in the 1st quarter valued at $6,428,000. Finally, Miracle Mile Advisors LLC lifted its holdings in First Trust Managed Municipal ETF by 22.2% during the 3rd quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock valued at $31,169,000 after purchasing an additional 109,001 shares during the last quarter.
First Trust Managed Municipal ETF Price Performance
Shares of FMB opened at $51.74 on Friday. The company’s 50-day moving average is $51.79 and its 200-day moving average is $51.37. First Trust Managed Municipal ETF has a fifty-two week low of $48.08 and a fifty-two week high of $52.13.
First Trust Managed Municipal ETF Increases Dividend
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.
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