Nilsine Partners LLC Sells 640 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Nilsine Partners LLC trimmed its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,853 shares of the company’s stock after selling 640 shares during the quarter. Nilsine Partners LLC’s holdings in First Trust Managed Municipal ETF were worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. raised its position in First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after purchasing an additional 1,300 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of First Trust Managed Municipal ETF by 177.8% in the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after buying an additional 1,778 shares during the last quarter. Christopher J. Hasenberg Inc acquired a new position in First Trust Managed Municipal ETF during the 3rd quarter worth about $166,000. Dopkins Wealth Management LLC acquired a new position in First Trust Managed Municipal ETF during the 3rd quarter worth about $201,000. Finally, TrueWealth Advisors LLC bought a new stake in First Trust Managed Municipal ETF during the 4th quarter worth about $207,000.

First Trust Managed Municipal ETF Stock Down 0.0 %

Shares of NASDAQ FMB opened at $51.05 on Wednesday. The company has a 50-day moving average of $51.20 and a two-hundred day moving average of $51.46. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.14 dividend. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend is 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.