Stratos Wealth Partners LTD. Trims Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Stratos Wealth Partners LTD. reduced its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 45,867 shares of the company’s stock after selling 4,332 shares during the period. Stratos Wealth Partners LTD. owned about 0.12% of First Trust Managed Municipal ETF worth $2,340,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. PFS Partners LLC boosted its stake in shares of First Trust Managed Municipal ETF by 2.1% during the third quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock valued at $530,000 after purchasing an additional 214 shares during the period. Westside Investment Management Inc. lifted its holdings in First Trust Managed Municipal ETF by 0.5% during the 3rd quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after buying an additional 343 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in First Trust Managed Municipal ETF by 5.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 7,838 shares of the company’s stock valued at $400,000 after buying an additional 386 shares during the period. Main Line Retirement Advisors LLC grew its stake in First Trust Managed Municipal ETF by 0.8% in the 3rd quarter. Main Line Retirement Advisors LLC now owns 64,206 shares of the company’s stock worth $3,336,000 after acquiring an additional 527 shares in the last quarter. Finally, Weitzel Financial Services Inc. raised its stake in shares of First Trust Managed Municipal ETF by 1.2% during the third quarter. Weitzel Financial Services Inc. now owns 48,183 shares of the company’s stock valued at $2,509,000 after acquiring an additional 569 shares in the last quarter.

First Trust Managed Municipal ETF Trading Down 0.2 %

Shares of NASDAQ FMB opened at $51.23 on Friday. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13. The stock has a 50 day moving average price of $51.14 and a 200 day moving average price of $51.44.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a $0.14 dividend. The ex-dividend date was Wednesday, January 22nd. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14.

First Trust Managed Municipal ETF Company 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.