First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. cut its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 26.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 16,601 shares of the company’s stock after selling 6,098 shares during the period. Harbour Investments Inc.’s holdings in First Trust Managed Municipal ETF were worth $863,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FMB. DHJJ Financial Advisors Ltd. increased its stake in First Trust Managed Municipal ETF by 119.4% during the second quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock worth $40,000 after acquiring an additional 430 shares during the last quarter. Fifth Third Bancorp acquired a new stake in First Trust Managed Municipal ETF during the 2nd quarter worth approximately $51,000. IAG Wealth Partners LLC purchased a new position in First Trust Managed Municipal ETF in the second quarter valued at approximately $53,000. WR Wealth Planners LLC acquired a new position in First Trust Managed Municipal ETF during the second quarter valued at approximately $56,000. Finally, International Assets Investment Management LLC purchased a new stake in First Trust Managed Municipal ETF during the second quarter worth approximately $112,000.

First Trust Managed Municipal ETF Price Performance

Shares of FMB stock opened at $51.42 on Friday. The company’s fifty day simple moving average is $51.64 and its 200-day simple moving average is $51.40. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were given a $0.139 dividend. The ex-dividend date was Tuesday, October 22nd.

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.