First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 10.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,958 shares of the company’s stock after selling 5,857 shares during the period. Thrivent Financial for Lutherans owned about 0.13% of First Trust Managed Municipal ETF worth $2,596,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Jane Street Group LLC purchased a new stake in shares of First Trust Managed Municipal ETF in the first quarter valued at approximately $15,269,000. CWA Asset Management Group LLC acquired a new stake in First Trust Managed Municipal ETF in the 3rd quarter valued at approximately $13,088,000. Cetera Investment Advisers raised its position in First Trust Managed Municipal ETF by 246.7% in the first quarter. Cetera Investment Advisers now owns 252,562 shares of the company’s stock valued at $12,972,000 after purchasing an additional 179,710 shares during the period. ARQ Wealth Advisors LLC purchased a new stake in First Trust Managed Municipal ETF in the first quarter valued at approximately $6,428,000. Finally, International Assets Investment Management LLC lifted its stake in First Trust Managed Municipal ETF by 5,096.0% during the third quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock worth $5,934,000 after purchasing an additional 112,010 shares in the last quarter.

First Trust Managed Municipal ETF Stock Up 0.0 %

Shares of NASDAQ FMB opened at $51.55 on Wednesday. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13. The stock has a fifty day simple moving average of $51.56 and a 200-day simple moving average of $51.43.

First Trust Managed Municipal ETF Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a $0.139 dividend. The ex-dividend date is Thursday, November 21st.

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.