First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by PCG Wealth Advisors LLC

PCG Wealth Advisors LLC lessened its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 18.2% in the 4th quarter, HoldingsChannel reports. The fund owned 25,553 shares of the company’s stock after selling 5,702 shares during the period. PCG Wealth Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $1,303,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. grew its holdings in First Trust Managed Municipal ETF by 152.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after acquiring an additional 1,300 shares in the last quarter. Christopher J. Hasenberg Inc purchased a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter worth approximately $166,000. Dopkins Wealth Management LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter worth approximately $201,000. TrueWealth Advisors LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the 4th quarter worth approximately $207,000. Finally, James Investment Research Inc. purchased a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter worth approximately $224,000.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ:FMB opened at $50.84 on Friday. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13. The firm has a 50 day simple moving average of $51.22 and a 200-day simple moving average of $51.46.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, January 22nd. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14.

About First Trust Managed Municipal ETF

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.