Thrivent Financial for Lutherans Sells 8,711 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Thrivent Financial for Lutherans lessened its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 13.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 55,815 shares of the company’s stock after selling 8,711 shares during the quarter. Thrivent Financial for Lutherans’ holdings in First Trust Managed Municipal ETF were worth $2,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. MGO One Seven LLC increased its holdings in shares of First Trust Managed Municipal ETF by 7.4% during the fourth quarter. MGO One Seven LLC now owns 92,033 shares of the company’s stock worth $4,755,000 after buying an additional 6,302 shares in the last quarter. Core Wealth Partners LLC bought a new stake in shares of First Trust Managed Municipal ETF during the 1st quarter worth approximately $371,000. &PARTNERS raised its position in First Trust Managed Municipal ETF by 9.9% during the second quarter. &PARTNERS now owns 21,950 shares of the company’s stock worth $1,121,000 after acquiring an additional 1,979 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of First Trust Managed Municipal ETF in the 2nd quarter valued at about $51,000. Finally, Stifel Financial Corp raised its holdings in shares of First Trust Managed Municipal ETF by 14.5% in the 4th quarter. Stifel Financial Corp now owns 250,307 shares of the company’s stock valued at $12,932,000 after purchasing an additional 31,722 shares during the period.

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock opened at $51.99 on Monday. The company’s 50-day moving average price is $51.70 and its two-hundred day moving average price is $51.33. First Trust Managed Municipal ETF has a twelve month low of $48.08 and a twelve month high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be paid a $0.139 dividend. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend is Thursday, September 26th.

First Trust Managed Municipal ETF 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.