First Trust Managed Municipal ETF $FMB Shares Sold by HFG Wealth Management LLC

HFG Wealth Management LLC lowered its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 21.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,330 shares of the company’s stock after selling 9,907 shares during the quarter. First Trust Managed Municipal ETF accounts for about 1.0% of HFG Wealth Management LLC’s holdings, making the stock its 23rd biggest position. HFG Wealth Management LLC’s holdings in First Trust Managed Municipal ETF were worth $1,807,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Total Investment Management Inc. purchased a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth $27,000. Evolution Wealth Management Inc. purchased a new position in shares of First Trust Managed Municipal ETF in the 2nd quarter valued at about $27,000. Ameriflex Group Inc. purchased a new position in shares of First Trust Managed Municipal ETF in the 3rd quarter valued at about $40,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at about $45,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at about $51,000.

First Trust Managed Municipal ETF Price Performance

FMB stock opened at $50.81 on Thursday. The company’s 50-day moving average price is $51.41 and its 200 day moving average price is $51.22. First Trust Managed Municipal ETF has a 52 week low of $48.19 and a 52 week high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.155 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Thursday, March 26th.

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.