Magnus Financial Group LLC Sells 1,942 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Magnus Financial Group LLC trimmed its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,758 shares of the company’s stock after selling 1,942 shares during the period. Magnus Financial Group LLC owned approximately 0.25% of First Trust Managed Municipal ETF worth $5,089,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in shares of First Trust Managed Municipal ETF by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after acquiring an additional 25,002 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of First Trust Managed Municipal ETF by 39.3% during the 2nd quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock worth $12,084,000 after acquiring an additional 66,762 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter worth approximately $1,555,000. HFG Wealth Management LLC lifted its stake in shares of First Trust Managed Municipal ETF by 1.8% during the 2nd quarter. HFG Wealth Management LLC now owns 51,836 shares of the company’s stock worth $2,647,000 after acquiring an additional 902 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of First Trust Managed Municipal ETF by 4.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 18,916 shares of the company’s stock worth $966,000 after acquiring an additional 793 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

FMB opened at $50.89 on Wednesday. The stock’s fifty day moving average is $51.24 and its two-hundred day moving average is $51.47. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.139 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.