Syntegra Private Wealth Group LLC Lowers Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Syntegra Private Wealth Group LLC decreased its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,783 shares of the company’s stock after selling 1,651 shares during the period. Syntegra Private Wealth Group LLC’s holdings in First Trust Managed Municipal ETF were worth $2,182,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. PFS Partners LLC lifted its stake in First Trust Managed Municipal ETF by 2.1% during the 3rd quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock valued at $530,000 after acquiring an additional 214 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of First Trust Managed Municipal ETF by 0.5% during the third quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after purchasing an additional 343 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in First Trust Managed Municipal ETF by 5.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 7,838 shares of the company’s stock worth $400,000 after purchasing an additional 386 shares during the last quarter. Main Line Retirement Advisors LLC boosted its holdings in First Trust Managed Municipal ETF by 0.8% during the third quarter. Main Line Retirement Advisors LLC now owns 64,206 shares of the company’s stock worth $3,336,000 after purchasing an additional 527 shares during the last quarter. Finally, Weitzel Financial Services Inc. grew its position in First Trust Managed Municipal ETF by 1.2% in the 3rd quarter. Weitzel Financial Services Inc. now owns 48,183 shares of the company’s stock worth $2,509,000 after purchasing an additional 569 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock opened at $51.32 on Thursday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The company’s 50 day moving average price is $51.15 and its two-hundred day moving average price is $51.44.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a dividend of $0.14 per share. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Wednesday, January 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.