Eldridge Investment Advisors Inc. Decreases Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Eldridge Investment Advisors Inc. decreased its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,602 shares of the company’s stock after selling 321 shares during the quarter. Eldridge Investment Advisors Inc.’s holdings in First Trust Managed Municipal ETF were worth $490,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. raised its stake in First Trust Managed Municipal ETF by 3.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 35,778 shares of the company’s stock valued at $1,825,000 after purchasing an additional 1,041 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in First Trust Managed Municipal ETF by 18.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 309,212 shares of the company’s stock valued at $15,773,000 after purchasing an additional 48,986 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in First Trust Managed Municipal ETF by 0.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 604,941 shares of the company’s stock valued at $30,858,000 after purchasing an additional 2,306 shares in the last quarter. Independent Advisor Alliance purchased a new stake in First Trust Managed Municipal ETF during the fourth quarter valued at $14,829,000. Finally, Sowell Financial Services LLC purchased a new stake in First Trust Managed Municipal ETF during the fourth quarter valued at $1,199,000.

First Trust Managed Municipal ETF Price Performance

Shares of FMB opened at $50.85 on Friday. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13. The company’s fifty day simple moving average is $51.08 and its 200-day simple moving average is $51.37.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid 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.