Wealth Enhancement Advisory Services LLC Has $1.95 Million Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Wealth Enhancement Advisory Services LLC trimmed its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,902 shares of the company’s stock after selling 1,637 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.10% of First Trust Managed Municipal ETF worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Independence Bank of Kentucky acquired a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp acquired a new position in First Trust Managed Municipal ETF during the fourth quarter valued at approximately $52,000. AdvisorNet Financial Inc raised its position in First Trust Managed Municipal ETF by 26.9% during the fourth quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock valued at $75,000 after purchasing an additional 307 shares in the last quarter. Tidemark LLC acquired a new position in First Trust Managed Municipal ETF during the fourth quarter valued at approximately $76,000. Finally, NBC Securities Inc. raised its position in First Trust Managed Municipal ETF by 71.4% during the fourth quarter. NBC Securities Inc. now owns 2,575 shares of the company’s stock valued at $133,000 after purchasing an additional 1,073 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB opened at $51.25 on Friday. First Trust Managed Municipal ETF has a one year low of $48.08 and a one year high of $51.77. The firm has a 50 day simple moving average of $51.04 and a two-hundred day simple moving average of $51.26.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, June 28th. Shareholders 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.