First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Csenge Advisory Group

Csenge Advisory Group trimmed its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,078 shares of the company’s stock after selling 1,564 shares during the quarter. Csenge Advisory Group’s holdings in First Trust Managed Municipal ETF were worth $769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. PFS Partners LLC grew its holdings in First Trust Managed Municipal ETF by 2.1% in the 3rd quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock worth $530,000 after buying an additional 214 shares in the last quarter. Westside Investment Management Inc. grew its holdings in First Trust Managed Municipal ETF by 0.5% in the 3rd quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock worth $3,294,000 after buying an additional 343 shares in the last quarter. Walkner Condon Financial Advisors LLC grew its holdings in First Trust Managed Municipal ETF by 3.5% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 10,064 shares of the company’s stock worth $513,000 after buying an additional 343 shares in the last quarter. Principal Securities Inc. grew its holdings in First Trust Managed Municipal ETF by 1.1% in the 4th quarter. Principal Securities Inc. now owns 33,167 shares of the company’s stock worth $1,692,000 after buying an additional 371 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its holdings 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 worth $400,000 after buying an additional 386 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of FMB stock opened at $51.20 on Tuesday. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13. The business has a 50 day simple moving average of $51.05 and a 200 day simple moving average of $51.43.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a $0.14 dividend. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Wednesday, January 22nd.

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.