PNC Financial Services Group Inc. Sells 1,927 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

PNC Financial Services Group Inc. cut its holdings in First Trust Managed Municipal ETF (NASDAQ:FMBFree Report) by 77.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 556 shares of the company’s stock after selling 1,927 shares during the quarter. PNC Financial Services Group Inc.’s holdings in First Trust Managed Municipal ETF were worth $29,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. boosted its stake in First Trust Managed Municipal ETF by 2.5% in 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 grew its holdings in shares of First Trust Managed Municipal ETF by 916.2% in the 4th quarter. RFG Advisory LLC now owns 194,688 shares of the company’s stock valued at $10,058,000 after buying an additional 175,530 shares during the period. Stock Yards Bank & Trust Co. grew its holdings in shares of First Trust Managed Municipal ETF by 37.7% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 40,557 shares of the company’s stock valued at $2,095,000 after buying an additional 11,110 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of First Trust Managed Municipal ETF by 4.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 29,259 shares of the company’s stock valued at $1,512,000 after buying an additional 1,332 shares during the period. Finally, Avestar Capital LLC grew 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 valued at $1,285,000 after buying an additional 3,738 shares during the period.

First Trust Managed Municipal ETF Price Performance

Shares of FMB stock opened at $51.22 on Tuesday. First Trust Managed Municipal ETF has a 12-month low of $48.08 and a 12-month high of $51.77. The firm has a fifty day moving average of $51.05 and a 200-day moving average of $51.25.

First Trust Managed Municipal ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.137 dividend. The ex-dividend date of this dividend was Thursday, June 27th.

First Trust Managed Municipal ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for First Trust Managed Municipal ETF (NASDAQ:FMB)

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