LPL Financial LLC Has $107.21 Million Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

LPL Financial LLC cut its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 16.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,101,776 shares of the company’s stock after selling 405,595 shares during the quarter. LPL Financial LLC owned about 0.05% of First Trust Managed Municipal ETF worth $107,212,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA raised its position in shares of First Trust Managed Municipal ETF by 14.3% in the 3rd quarter. Private Trust Co. NA now owns 20,010 shares of the company’s stock valued at $1,040,000 after buying an additional 2,496 shares in the last quarter. Elios Financial Group Inc. acquired a new position in First Trust Managed Municipal ETF during the third quarter valued at approximately $3,602,000. D.A. Davidson & CO. raised its position in First Trust Managed Municipal ETF by 3.9% during the third quarter. D.A. Davidson & CO. now owns 55,842 shares of the company’s stock valued at $2,902,000 after purchasing an additional 2,116 shares in the last quarter. Townsquare Capital LLC bought a new stake in First Trust Managed Municipal ETF during the third quarter worth $545,000. Finally, Freedom Investment Management Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 2.2% in the 3rd quarter. Freedom Investment Management Inc. now owns 33,604 shares of the company’s stock valued at $1,746,000 after purchasing an additional 713 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock opened at $50.70 on Wednesday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The stock has a fifty day moving average of $51.07 and a 200-day moving average of $51.33.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.14 per share. The ex-dividend date was Friday, February 21st.

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.