SteelPeak Wealth LLC Cuts Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

SteelPeak Wealth LLC decreased its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 90.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,258 shares of the company’s stock after selling 40,022 shares during the period. SteelPeak Wealth LLC’s holdings in First Trust Managed Municipal ETF were worth $219,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of FMB. Benjamin F. Edwards & Company Inc. increased its position in shares of First Trust Managed Municipal ETF by 2.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 17,616 shares of the company’s stock valued at $910,000 after acquiring an additional 427 shares during the last quarter. RFG Advisory LLC increased its position in shares of First Trust Managed Municipal ETF by 916.2% during the 4th quarter. RFG Advisory LLC now owns 194,688 shares of the company’s stock valued at $10,058,000 after purchasing an additional 175,530 shares during the last quarter. Stock Yards Bank & Trust Co. increased its position in shares of First Trust Managed Municipal ETF by 37.7% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 40,557 shares of the company’s stock valued at $2,095,000 after purchasing an additional 11,110 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of First Trust Managed Municipal ETF by 4.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 29,259 shares of the company’s stock worth $1,512,000 after purchasing an additional 1,332 shares during the period. Finally, Avestar Capital LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 17.7% in the 4th quarter. Avestar Capital LLC now owns 24,870 shares of the company’s stock worth $1,285,000 after buying an additional 3,738 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

NASDAQ FMB opened at $51.06 on Monday. First Trust Managed Municipal ETF has a 52-week low of $48.08 and a 52-week high of $51.77. The company has a 50-day simple moving average of $51.02 and a 200 day simple moving average of $51.27.

First Trust Managed Municipal ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.137 per share. The ex-dividend date was Thursday, June 27th.

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.