First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Southland Equity Partners LLC

Southland Equity Partners LLC lowered its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 59.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,146 shares of the company’s stock after selling 29,468 shares during the period. Southland Equity Partners LLC owned about 0.05% of First Trust Managed Municipal ETF worth $1,028,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FMB. JPMorgan Chase & Co. raised its holdings in First Trust Managed Municipal ETF by 6.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after purchasing an additional 25,002 shares during the period. NewEdge Advisors LLC increased its position in shares of First Trust Managed Municipal ETF by 39.3% in the second quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock valued at $12,084,000 after buying an additional 66,762 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of First Trust Managed Municipal ETF during the 3rd quarter worth approximately $1,555,000. HFG Wealth Management LLC lifted its position in shares of First Trust Managed Municipal ETF by 1.8% during the 2nd quarter. HFG Wealth Management LLC now owns 51,836 shares of the company’s stock valued at $2,647,000 after buying an additional 902 shares in the last quarter. Finally, Magnus Financial Group LLC grew its stake in First Trust Managed Municipal ETF by 2.3% in the 3rd quarter. Magnus Financial Group LLC now owns 101,700 shares of the company’s stock valued at $5,284,000 after acquiring an additional 2,247 shares during the period.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB opened at $50.74 on Friday. The firm has a fifty day moving average of $51.23 and a 200 day moving average of $51.46. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This is a boost 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.