Foundations Investment Advisors LLC Lowers Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Foundations Investment Advisors LLC cut its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 6.2% during the 3rd quarter, Holdings Channel reports. The firm owned 7,452 shares of the company’s stock after selling 491 shares during the quarter. Foundations Investment Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $387,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FMB. Strategic Financial Partners Ltd. boosted its stake in shares of 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 worth $1,713,000 after buying an additional 207 shares during the last quarter. Great Valley Advisor Group Inc. boosted its position in First Trust Managed Municipal ETF by 2.3% in the second 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 last quarter. Auour Investments LLC grew its stake in First Trust Managed Municipal ETF by 3.7% in the 2nd quarter. Auour Investments LLC now owns 7,191 shares of the company’s stock valued at $367,000 after purchasing an additional 256 shares during the period. Prestige Wealth Management Group LLC increased its position in shares of First Trust Managed Municipal ETF by 0.4% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 79,954 shares of the company’s stock valued at $4,082,000 after purchasing an additional 292 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in shares of First Trust Managed Municipal ETF by 3.8% during the 1st quarter. Ameritas Investment Partners Inc. now owns 8,899 shares of the company’s stock worth $457,000 after purchasing an additional 327 shares during the period.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ:FMB opened at $51.15 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $48.08 and a fifty-two week high of $52.13. The company’s 50-day moving average is $51.75 and its 200 day moving average is $51.37.

First Trust Managed Municipal ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.139 per share. The ex-dividend date is Tuesday, October 22nd.

About First Trust Managed Municipal ETF

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.