Creative Planning Reduces Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Creative Planning reduced its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 41.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,497 shares of the company’s stock after selling 4,608 shares during the period. Creative Planning’s holdings in First Trust Managed Municipal ETF were worth $332,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Core Wealth Partners LLC purchased a new stake in First Trust Managed Municipal ETF in the first quarter worth about $371,000. &PARTNERS lifted its holdings in First Trust Managed Municipal ETF by 9.9% in the second quarter. &PARTNERS now owns 21,950 shares of the company’s stock worth $1,121,000 after buying an additional 1,979 shares during the period. Fifth Third Bancorp purchased a new stake in First Trust Managed Municipal ETF in the second quarter worth about $51,000. Ameritas Investment Partners Inc. increased its stake in shares of First Trust Managed Municipal ETF by 3.8% during the first quarter. Ameritas Investment Partners Inc. now owns 8,899 shares of the company’s stock valued at $457,000 after purchasing an additional 327 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of First Trust Managed Municipal ETF by 3.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 128,018 shares of the company’s stock valued at $6,537,000 after purchasing an additional 4,313 shares in the last quarter.

First Trust Managed Municipal ETF Stock Down 0.0 %

Shares of NASDAQ FMB opened at $51.78 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $48.08 and a fifty-two week high of $52.13. The company has a 50 day simple moving average of $51.79 and a two-hundred day simple moving average of $51.36.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.139 per share. The ex-dividend date was Thursday, September 26th. This is an increase 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.