ShoreHaven Wealth Partners LLC Lowers Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

ShoreHaven Wealth Partners LLC lessened its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,721 shares of the company’s stock after selling 950 shares during the period. ShoreHaven Wealth Partners LLC’s holdings in First Trust Managed Municipal ETF were worth $445,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of FMB. PFS Partners LLC grew its holdings in First Trust Managed Municipal ETF by 2.1% in the third quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock valued at $530,000 after purchasing an additional 214 shares during the period. Westside Investment Management Inc. lifted its position in shares of First Trust Managed Municipal ETF by 0.5% during the 3rd quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after buying an additional 343 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in First Trust Managed Municipal ETF by 5.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 7,838 shares of the company’s stock valued at $400,000 after acquiring an additional 386 shares during the period. Hobart Private Capital LLC grew its stake in First Trust Managed Municipal ETF by 2.3% in the 4th quarter. Hobart Private Capital LLC now owns 18,740 shares of the company’s stock valued at $956,000 after acquiring an additional 427 shares during the period. Finally, Main Line Retirement Advisors LLC increased its holdings in First Trust Managed Municipal ETF by 0.8% in the 3rd quarter. Main Line Retirement Advisors LLC now owns 64,206 shares of the company’s stock worth $3,336,000 after acquiring an additional 527 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

NASDAQ:FMB opened at $51.09 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13. The company has a fifty day moving average of $51.08 and a two-hundred day moving average of $51.43.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was 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.