Wells Fargo & Company MN Sells 42,711 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Wells Fargo & Company MN decreased its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,405,323 shares of the company’s stock after selling 42,711 shares during the quarter. Wells Fargo & Company MN owned approximately 6.08% of First Trust Managed Municipal ETF worth $122,696,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tucker Asset Management LLC increased its stake in shares of First Trust Managed Municipal ETF by 933.3% in the 4th quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock worth $30,000 after purchasing an additional 532 shares in the last quarter. Duncker Streett & Co. Inc. purchased a new stake in First Trust Managed Municipal ETF in the fourth quarter worth about $108,000. Pinnacle Bancorp Inc. raised its stake in shares of First Trust Managed Municipal ETF by 152.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after buying an additional 1,300 shares during the period. Fifth Third Bancorp raised its stake in First Trust Managed Municipal ETF by 177.8% during the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after acquiring an additional 1,778 shares during the period. Finally, TrueWealth Advisors LLC bought a new stake in shares of First Trust Managed Municipal ETF during the 4th quarter valued at $207,000.

First Trust Managed Municipal ETF Stock Performance

Shares of First Trust Managed Municipal ETF stock opened at $50.93 on Monday. The stock’s 50-day simple moving average is $51.02 and its 200-day simple moving average is $51.25. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 27th.

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.