Pineridge Advisors LLC Sells 3,083 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Pineridge Advisors LLC cut its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 43.1% during the 4th quarter, Holdings Channel reports. The firm owned 4,070 shares of the company’s stock after selling 3,083 shares during the quarter. Pineridge Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $208,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CWA Asset Management Group LLC bought a new position in shares of First Trust Managed Municipal ETF during the 3rd quarter valued at approximately $13,088,000. LPL Financial LLC raised its stake in shares of First Trust Managed Municipal ETF by 6.9% in the third quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock valued at $130,283,000 after buying an additional 162,331 shares during the period. Brady Martz Wealth Solutions LLC purchased a new position in shares of First Trust Managed Municipal ETF during the 4th quarter valued at $6,440,000. International Assets Investment Management LLC lifted its position in shares of First Trust Managed Municipal ETF by 5,096.0% during the 3rd quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock valued at $5,934,000 after buying an additional 112,010 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of First Trust Managed Municipal ETF during the 4th quarter worth $3,560,000.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $51.28 on Tuesday. The company’s 50 day moving average is $51.13 and its 200-day moving average is $51.44. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This is an increase from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.