First Horizon Advisors Inc. Has $4.21 Million Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

First Horizon Advisors Inc. reduced its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 25.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,583 shares of the company’s stock after selling 28,733 shares during the quarter. First Horizon Advisors Inc. owned 0.21% of First Trust Managed Municipal ETF worth $4,213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CWA Asset Management Group LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter worth about $13,088,000. LPL Financial LLC grew its stake in First Trust Managed Municipal ETF by 6.9% during the third quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after buying an additional 162,331 shares during the last quarter. Brady Martz Wealth Solutions LLC acquired a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth approximately $6,440,000. International Assets Investment Management LLC raised its stake in shares of First Trust Managed Municipal ETF by 5,096.0% in the third quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock valued at $5,934,000 after acquiring an additional 112,010 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of First Trust Managed Municipal ETF in the 4th quarter worth approximately $3,560,000.

First Trust Managed Municipal ETF Stock Performance

NASDAQ FMB opened at $51.24 on Monday. The stock’s 50 day simple moving average is $51.00 and its 200 day simple moving average is $51.41. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, February 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.