CWA Asset Management Group LLC lowered its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) by 16.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,598 shares of the company’s stock after selling 34,859 shares during the period. CWA Asset Management Group LLC owned 0.48% of First Trust Managed Municipal ETF worth $9,106,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Total Investment Management Inc. purchased a new stake in shares of First Trust Managed Municipal ETF in the second quarter valued at about $27,000. Evolution Wealth Management Inc. acquired a new position in First Trust Managed Municipal ETF in the 2nd quarter valued at about $27,000. Flaharty Asset Management LLC purchased a new stake in First Trust Managed Municipal ETF during the 1st quarter valued at approximately $58,000. Qube Research & Technologies Ltd purchased a new stake in First Trust Managed Municipal ETF during the 2nd quarter valued at approximately $125,000. Finally, Pinnacle Bancorp Inc. lifted its position in First Trust Managed Municipal ETF by 18.7% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 2,552 shares of the company’s stock worth $127,000 after acquiring an additional 402 shares during the period.
First Trust Managed Municipal ETF Trading Up 0.1%
Shares of FMB stock opened at $51.19 on Monday. The business’s 50 day moving average is $51.15 and its two-hundred day moving average is $50.51. First Trust Managed Municipal ETF has a twelve month low of $48.19 and a twelve month high of $51.47.
First Trust Managed Municipal ETF Announces Dividend
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.
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