First Trust Managed Municipal ETF (NASDAQ:FMB) Holdings Trimmed by Kowal Investment Group LLC

Posted by Defense World Staff on Sep 22nd, 2024

Kowal Investment Group LLC lowered its stake in First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) by 12.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,226 shares of the company’s stock after selling 27,966 shares during the period. First Trust Managed Municipal ETF comprises 2.0% of Kowal Investment Group LLC’s investment portfolio, making the stock its 9th biggest position. Kowal Investment Group LLC owned approximately 0.50% of First Trust Managed Municipal ETF worth $9,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in FMB. DHJJ Financial Advisors Ltd. increased its holdings in First Trust Managed Municipal ETF by 119.4% in the second quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock valued at $40,000 after buying an additional 430 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of First Trust Managed Municipal ETF in the 2nd quarter valued at about $51,000. Jones Financial Companies Lllp acquired a new stake in shares of First Trust Managed Municipal ETF during the 4th quarter worth about $52,000. IAG Wealth Partners LLC purchased a new stake in First Trust Managed Municipal ETF during the second quarter worth approximately $53,000. Finally, WR Wealth Planners LLC acquired a new position in First Trust Managed Municipal ETF in the second quarter valued at approximately $56,000.

First Trust Managed Municipal ETF Trading Down 0.0 %

Shares of First Trust Managed Municipal ETF stock opened at $52.03 on Friday. First Trust Managed Municipal ETF has a 52 week low of $48.08 and a 52 week high of $52.13. The firm’s 50 day moving average is $51.65 and its two-hundred day moving average is $51.32.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were given a $0.138 dividend. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Wednesday, August 21st.

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.