Wiser Advisor Group LLC Sells 658 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Wiser Advisor Group LLC decreased its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,258 shares of the company’s stock after selling 658 shares during the quarter. First Trust Managed Municipal ETF accounts for about 4.2% of Wiser Advisor Group LLC’s investment portfolio, making the stock its 3rd largest position. Wiser Advisor Group LLC owned approximately 0.14% of First Trust Managed Municipal ETF worth $2,921,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. grew its position in First Trust Managed Municipal ETF by 152.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after purchasing an additional 1,300 shares in the last quarter. Fifth Third Bancorp grew its position in First Trust Managed Municipal ETF by 177.8% during the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after purchasing an additional 1,778 shares in the last quarter. Dopkins Wealth Management LLC purchased a new position in First Trust Managed Municipal ETF during the 3rd quarter worth approximately $201,000. TrueWealth Advisors LLC purchased a new position in First Trust Managed Municipal ETF during the 4th quarter worth approximately $207,000. Finally, James Investment Research Inc. purchased a new position in First Trust Managed Municipal ETF during the 3rd quarter worth approximately $224,000.

First Trust Managed Municipal ETF Trading Up 0.2 %

NASDAQ FMB opened at $51.47 on Friday. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13. The firm’s 50 day moving average price is $51.04 and its two-hundred day moving average price is $51.41.

First Trust Managed Municipal ETF Dividend Announcement

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