Oppenheimer & Co. Inc. Reduces Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Oppenheimer & Co. Inc. cut its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 13.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,398 shares of the company’s stock after selling 1,000 shares during the period. Oppenheimer & Co. Inc.’s holdings in First Trust Managed Municipal ETF were worth $332,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Financial Partners Ltd. increased its stake in First Trust Managed Municipal ETF by 0.6% in the 2nd quarter. Strategic Financial Partners Ltd. now owns 33,547 shares of the company’s stock valued at $1,713,000 after buying an additional 207 shares during the period. PFS Partners LLC boosted its holdings in First Trust Managed Municipal ETF by 2.1% in the 3rd quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock valued at $530,000 after purchasing an additional 214 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in First Trust Managed Municipal ETF by 2.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 11,363 shares of the company’s stock worth $580,000 after purchasing an additional 252 shares during the period. Auour Investments LLC raised its stake in shares of First Trust Managed Municipal ETF by 3.7% during the 2nd quarter. Auour Investments LLC now owns 7,191 shares of the company’s stock worth $367,000 after buying an additional 256 shares in the last quarter. Finally, Prestige Wealth Management Group LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 0.4% in the 2nd quarter. Prestige Wealth Management Group LLC now owns 79,954 shares of the company’s stock valued at $4,082,000 after buying an additional 292 shares during the period.

First Trust Managed Municipal ETF Stock Down 0.1 %

Shares of First Trust Managed Municipal ETF stock opened at $51.30 on Friday. The company has a 50-day moving average of $51.60 and a two-hundred day moving average of $51.42. 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 Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.139 per share. The ex-dividend date is Thursday, November 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.