First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by PCG Wealth Advisors LLC

PCG Wealth Advisors LLC cut its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 18.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,553 shares of the company’s stock after selling 5,702 shares during the period. PCG Wealth Advisors LLC owned approximately 0.07% of First Trust Managed Municipal ETF worth $1,303,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. LPL Financial LLC increased its position in shares of 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 valued at $130,283,000 after acquiring an additional 162,331 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of First Trust Managed Municipal ETF by 5.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock valued at $32,128,000 after purchasing an additional 29,957 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of First Trust Managed Municipal ETF by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock valued at $21,896,000 after purchasing an additional 25,002 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of First Trust Managed Municipal ETF by 5.0% in the third quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock valued at $21,780,000 after purchasing an additional 19,917 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of First Trust Managed Municipal ETF by 5.4% in the third quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock valued at $17,186,000 after purchasing an additional 16,894 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB stock opened at $50.84 on Friday. The company has a 50 day moving average price of $51.22 and a 200 day moving average price of $51.46. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.