Stephens Inc. AR Sells 8,267 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Stephens Inc. AR trimmed its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 22.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,208 shares of the company’s stock after selling 8,267 shares during the period. Stephens Inc. AR’s holdings in First Trust Managed Municipal ETF were worth $1,490,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Hobart Private Capital LLC lifted its holdings in First Trust Managed Municipal ETF by 2.3% in the 4th quarter. Hobart Private Capital LLC now owns 18,740 shares of the company’s stock worth $956,000 after purchasing an additional 427 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of First Trust Managed Municipal ETF in the fourth quarter worth $3,560,000. Hedeker Wealth LLC boosted its position in shares of First Trust Managed Municipal ETF by 53.3% during the fourth quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock worth $2,717,000 after acquiring an additional 18,519 shares during the last quarter. Etesian Wealth Advisors Inc. grew its stake in First Trust Managed Municipal ETF by 14.1% during the fourth quarter. Etesian Wealth Advisors Inc. now owns 84,407 shares of the company’s stock valued at $4,306,000 after acquiring an additional 10,415 shares in the last quarter. Finally, Journey Strategic Wealth LLC increased its holdings in First Trust Managed Municipal ETF by 15.2% in the 4th quarter. Journey Strategic Wealth LLC now owns 120,260 shares of the company’s stock valued at $6,134,000 after acquiring an additional 15,890 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

FMB opened at $50.96 on Thursday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The firm has a 50-day simple moving average of $51.10 and a two-hundred day simple moving average of $51.44.

First Trust Managed Municipal ETF Increases Dividend

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

About First Trust Managed Municipal ETF

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.