Family Capital Management Inc. Has $1.72 Million Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Family Capital Management Inc. decreased its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,697 shares of the company’s stock after selling 1,065 shares during the period. First Trust Managed Municipal ETF makes up 1.0% of Family Capital Management Inc.’s holdings, making the stock its 22nd biggest holding. Family Capital Management Inc. owned about 0.09% of First Trust Managed Municipal ETF worth $1,719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Bancorp Inc. grew its holdings in First Trust Managed Municipal ETF by 152.9% during 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 in the last quarter. Fifth Third Bancorp grew its position in shares of 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 valued at $142,000 after acquiring an additional 1,778 shares during the period. Dopkins Wealth Management LLC purchased a new stake in First Trust Managed Municipal ETF in the third quarter worth $201,000. TrueWealth Advisors LLC bought a new stake in First Trust Managed Municipal ETF in the 4th quarter valued at about $207,000. Finally, James Investment Research Inc. purchased a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter valued at approximately $224,000.

First Trust Managed Municipal ETF Stock Up 0.3 %

First Trust Managed Municipal ETF stock opened at $51.09 on Friday. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13. The business has a fifty day moving average price of $51.08 and a 200-day moving average price of $51.43.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.14 per share. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Wednesday, January 22nd.

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.