HBW Advisory Services LLC Sells 477 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

HBW Advisory Services LLC cut its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,927 shares of the company’s stock after selling 477 shares during the period. HBW Advisory Services LLC’s holdings in First Trust Managed Municipal ETF were worth $412,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. MGO One Seven LLC grew its stake in First Trust Managed Municipal ETF by 7.4% in the 4th quarter. MGO One Seven LLC now owns 92,033 shares of the company’s stock valued at $4,755,000 after purchasing an additional 6,302 shares during the period. Core Wealth Partners LLC bought a new position in First Trust Managed Municipal ETF during the first quarter valued at about $371,000. &PARTNERS increased its holdings in First Trust Managed Municipal ETF by 9.9% during the second quarter. &PARTNERS now owns 21,950 shares of the company’s stock worth $1,121,000 after buying an additional 1,979 shares during the last quarter. Fifth Third Bancorp bought a new stake in First Trust Managed Municipal ETF in the second quarter worth about $51,000. Finally, Ameritas Investment Partners Inc. boosted its stake in First Trust Managed Municipal ETF by 3.8% in the first quarter. Ameritas Investment Partners Inc. now owns 8,899 shares of the company’s stock valued at $457,000 after acquiring an additional 327 shares during the last quarter.

First Trust Managed Municipal ETF Trading Down 0.4 %

Shares of FMB stock traded down $0.22 during trading hours on Friday, hitting $51.81. 245,601 shares of the company were exchanged, compared to its average volume of 154,406. First Trust Managed Municipal ETF has a 52-week low of $48.08 and a 52-week high of $52.13. The firm has a fifty day simple moving average of $51.77 and a 200 day simple moving average of $51.35.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.139 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 Thursday, September 26th.

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.