Wealth Enhancement Advisory Services LLC Sells 1,615 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Wealth Enhancement Advisory Services LLC trimmed its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,255 shares of the company’s stock after selling 1,615 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of First Trust Managed Municipal ETF worth $1,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. DHJJ Financial Advisors Ltd. increased its holdings in shares of First Trust Managed Municipal ETF by 119.4% in the second quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock worth $40,000 after purchasing an additional 430 shares during the last quarter. Fifth Third Bancorp bought a new position in First Trust Managed Municipal ETF during the second quarter valued at approximately $51,000. IAG Wealth Partners LLC purchased a new position in First Trust Managed Municipal ETF during the 2nd quarter valued at approximately $53,000. WR Wealth Planners LLC bought a new stake in First Trust Managed Municipal ETF in the 2nd quarter worth approximately $56,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the 2nd quarter worth approximately $112,000.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB opened at $51.31 on Tuesday. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13. The business’s 50 day moving average is $51.70 and its two-hundred day moving average is $51.39.

First Trust Managed Municipal ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were paid a dividend of $0.139 per share. The ex-dividend date of this dividend was Tuesday, October 22nd.

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.