Oppenheimer & Co. Inc. Sells 1,000 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Oppenheimer & Co. Inc. reduced its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 13.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,398 shares of the company’s stock after selling 1,000 shares during the period. Oppenheimer & Co. Inc.’s holdings in First Trust Managed Municipal ETF were worth $332,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FMB. DHJJ Financial Advisors Ltd. raised its stake in First Trust Managed Municipal ETF by 119.4% during 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 First Trust Managed Municipal ETF during the second quarter valued at $51,000. IAG Wealth Partners LLC bought a new position in shares of First Trust Managed Municipal ETF in the second quarter worth about $53,000. WR Wealth Planners LLC purchased a new position in First Trust Managed Municipal ETF during the second quarter valued at approximately $56,000. Finally, International Assets Investment Management LLC purchased a new position in shares of First Trust Managed Municipal ETF during the 2nd quarter valued at $112,000.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $51.30 on Friday. The stock’s 50 day moving average is $51.60 and its 200 day moving average is $51.42. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a $0.139 dividend. The ex-dividend date is Thursday, November 21st.

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.