SteelPeak Wealth LLC Sells 40,022 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Posted by Defense World Staff on Jul 1st, 2024

SteelPeak Wealth LLC cut its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) by 90.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,258 shares of the company’s stock after selling 40,022 shares during the period. SteelPeak Wealth LLC’s holdings in First Trust Managed Municipal ETF were worth $219,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FMB. Independence Bank of Kentucky acquired a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at $27,000. Jones Financial Companies Lllp acquired a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at approximately $52,000. AdvisorNet Financial Inc increased its stake in First Trust Managed Municipal ETF by 26.9% during the 4th quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock worth $75,000 after purchasing an additional 307 shares in the last quarter. Tidemark LLC bought a new stake in First Trust Managed Municipal ETF during the 4th quarter worth approximately $76,000. Finally, NBC Securities Inc. raised its holdings in First Trust Managed Municipal ETF by 71.4% during the 4th quarter. NBC Securities Inc. now owns 2,575 shares of the company’s stock worth $133,000 after buying an additional 1,073 shares during the period.

First Trust Managed Municipal ETF Price Performance

Shares of FMB stock opened at $51.06 on Monday. First Trust Managed Municipal ETF has a 12-month low of $48.08 and a 12-month high of $51.77. The firm has a fifty day moving average of $51.02 and a 200-day moving average of $51.27.

First Trust Managed Municipal ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.137 dividend. The ex-dividend date of this dividend was Thursday, June 27th.

First Trust Managed Municipal ETF Company Profile

(Free Report)

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.